** Chesnara, an insurance-focused takeoverspecialist, at the bottom of the FTSE All Share Life InsuranceIndex after UK's FCA launches a probe into sixinsurance firms as part of a review into the treatment oflong-time life insurance customers
** The cos include Prudential (+0.2 pct), Old Mutual (-0.33 pct), Abbey Life, Scottish Widows, CountrywideAssured Plc and Police Mutual
** Countrywide Assured Plc de-merged from the CountrywideAssured Group in 2004, and Chesnara is now its holding company
** Chesnara, which mainly buys life insurance funds closedto new customers, says will co-operate fully with the FCA in itsinvestigation
** The financial watchdog has been monitoring whetherinsurers have treated customers locked into pension and othersavings plans fairly compared with new customers
** The regulator said the investigations into the six firmswould not necessarily result in disciplinary action, thatfinancial penalties will inevitably be imposed or that redresswill be payable (Reuters Messaging:noor.hussain.thomsonreuters.com@reuters.net)