UK insurance giant has mortgage fine cut

British insurer Legal & General was today celebrating after having a £1.1m (€1.6m) fine for mis-selling endowment mortgages slashed almost in half.

UK insurance giant has mortgage fine cut
Fri, 27 May, 2005 - 11:47

British insurer Legal & General was today celebrating after having a £1.1m (€1.6m) fine for mis-selling endowment mortgages slashed almost in half.

The Financial Services and Markets Tribunal announced late last night that the fine imposed by City watchdog the Financial Services Authority should be cut to £575,000 (€836,700).

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