Liability Risk and Insurance
NatWest fined and to pay compensation
National Westminster Bank has been fined a total of £750,000 by the Personal Investment Authority and the Investment Management
Regulatory Organisation for breaches of rules. It has also been ordered to pay compensation of £2.35mn to customers. This
will be shared between 4,500 investors who were not given discounts to which they were entitled or whose portfolios underperformed
because they were not reviewed regularly.