Aviva Fined $10.5 Million by U.K. FCA Over Outsourcing

  • Aviva failed to ensure oversight of third-party providers
  • Penalty is FCA’s second action in two years for life insurer

Aviva Plc was fined 8.2 million pounds ($10.5 million) by the U.K. markets regulator for failures related to its use of outsourcing, the second penalty for the insurer from the watchdog in two years.

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