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More recently, the Personal Investment Authority Ombudsman (created in 1994 to regulate sales of personal pensions and other investment and insurance policies) pointed to a 54-percent rise in the number of complaints against financial services providers, and criticized the latter for marketing their products in a "veil of impenetrable language" (Financial Times 1998). Regulated by the Personal Investment Authority for investment business. The Prudential Assurance Company Limited is regulated by the Personal Investment Authority for investment business. |
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