The U.K.’s financial services regulator has hit Prudential with a £23.8 million (U.S. $26.4 million) fine in a misselling scandal that put the pension pots of over 17,000 customers at “significant risk.”

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Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal...