Despite the fine, this is fucking scandalous:
The watchdog also uncovered that on discovering the frauds in 2006, Norwich Union Life informed and then protected present and former directors of its business and its owner Aviva but did not "inform and protect the policyholders who were not connected with the business".
The FSA really has to find a way of punishing the Directors who allowed this to happen because it just sets a bad example to those perfidious wankers in Westminster who've never done a day's real work and will think this is a norm and use it justify their own actions.
