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LONDON, March 28 (Reuters) - Britain's financial watchdogplans to investigate whether people sold pensions and savingsplans in the past by insurers are treated fairly compared withnew clients, according to a source familiar with the matter.
The Financial Conduct Authority will outline the review aspart of a business plan for the year due to be published onMonday, the source said.
Among the issues to be examined in the review are whetherexit fees imposed on customers who wish to withdraw funds arefair.
The policies being investigated were written before 2000when British interest rates were higher, which influences whereexit fees are set, the source said.
Shares in British insurance groups such as Resolution, Aviva, Prudential, Standard Life and Legal & General were trading lower on Fridaymorning after the Daily Telegraph newspaper reported the probe. (Reporting by Chris Vellacott; Editing by Alex Smith and PravinChar)
