Woes pile up for troubled financial firm N-e-FG

MARTIN HESSE Note: an attempt to get comment from Lion Life had been unsuccessful by the time of publication.

FINANCIAL services group N-e-FG’s troubles deepened last week when the Financial Sector Conduct Authority (FSCA) appointed a statutory manager for the group’s retirement-fund-administration subsidiary, N-e-FG Administrators, citing its unsound...

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