P116 CEEFAX 116  Thu 31 Aug  19:14/28
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  -/.%/.)/,      POLITICS   
 
 INSURERS MUST COMPENSATE - HIGH COURT  
 The High Court has ruled that insurance
 companies must compensate investors who
 were wrongly sold policies.            
                                        
 It dismissed Sun Life's challenge to   
 the legality of the safety net for     
 compjnsbting victims of financial      
 services fraud or bad advice.          
                                        
 As a mjmbjr of an industry watchdog -  
 the Personal Investment Authority -    
 Sun Life said it was wrongly being held
 responsible for mjmbjrs of Fimbra, one 
 of the PEA's predecessors.             
                                        
 Many claims arose out of advice to move
 pensions into the private sector.      
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