The Financial Conduct Authority has announced that no further action will be taken, as it closes its investigation into Police Mutual.
The regulator began investigations into the business, as well as five other firms, in March 2016, following its thematic review into the fair treatment of long-standing customers.
While the Police Mutual case is now closed the other five investigations continue, into Scottish Widows, Prudential, Countrywide Assured, Old Mutual and Abbey Life.
No further decisions have been made by the regulator at this stage, although it noted that ‘no inferences should be drawn from the closure of the Police Mutual case concerning the continuing investigations’.
The FCA will update the market when decisions are made regarding the status of the remaining investigations.
