INSURANCE AND FINANCIAL services giant Royal London has suspended its entire 1,600-strong salesforce for at least two months following an investigation by the Personal Investment Authority. It is believed that a routine visit by PIA inspectors discovered that a large number of the company’s financial advisors had failed to pass the industry standard FPC3 examination, a mandatory qualification for all who sell pensions and insurance policies direct to the public in their homes. A rigorous retraining programme is now under way.
© Copyright 2017
All rights reserved including database rights. This electronic file is for the personal use of authorised users based at the subscribing company's office location. It may not be reproduced, posted on intranets, extranets or the internet, e-mailed, archived or shared electronically either within the purchaser's organisation or externally without express written permission from WARC.