The Week in Numbers – Week beginning 15th June
£117m – Record fine imposed against Lloyds banking group for failing to handle PPI compliants properly
1,300 – Number of customers Friends Life wrote to last week to apologise for not being ableto offer full pensions flexibility
£1m – amount in “illegitimate transfers” channelled from equity release provider New Life to mortgage broker NMB between 2009 and 2013. Former NMB director Kevin Allen has been banned by the FCA.
8,000 – Expected UK job losses at HSBC as part of 25,000 job cuts worldwide
£2.9bn – Amount collected by the treasure in FCA fines since April 2012. The Treasury cannot account for how all this money is spent
£21m – Amount Neil Woodford has invested in platform AJ Bell across the CF Woodford Equity Income fund and the Woodford Patient Capital Trust
Up to £1.6m – Ongoing costs for firms to comply with the pension transfer qualification overhaul announced by the FCA this week