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Negligence case: evidence closes
SCOTTISH Widows is due to finish giving evidence in the Court of Session this week in answer to accusations of negligence.
The Actuarial Review Company (Arc) has claimed Scottish Widows was negligent when it allegedly encouraged some pension schemes to give up guarantees that protected against the risk of pensioners living longer than expected.
Edinburgh-based Widows denies the accusations, which relate to the dotcom boom in 1999 and 2000.
A Widows spokeswoman said the firm expected a decision in March or April but could not comment further.
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Friday 25 May 2012
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