New CPP chief executive Paul Stobart said the company had taken steps to overhaul its practices.
The FSA found that CPP overstated the risks and consequences of ID theft when this insurance was being sold.
The Financial Services Authority (FSA) found that CPP overstated the risks and consequences of ID theft when this insurance was being sold.
However, the fine from the FSA does not include this and only relates to the hundreds of thousands of direct sales by CPP.
CPP's chief executive officer Paul Stobart, said the proposed sale was in the "best interests of CPP and its stakeholders" and would help in "stabilising the business".
CPP, which sells products such as wallet and card protection through banks and building societies, said it had now been given until 30 September to pay back investors.
In the CPP survey, about 50% of people said they had debts they feared they would not be able to repay in the coming months, rising to 65% among people aged between 25 and 34.
One of those data miners, the first-named respondent in the case, IMS Health, was a public company until February 2010, but is so no longer, because in that month TPG Capital and CPP Investment Board took it private.
FORBES: Supreme Court Helps Big Pharma Stay Fat And Happy In Sorrell Ruling
According to this view, senior members of Hun Sen's ruling Cambodian People's Party (CPP) are upset at his reckless disregard of international goodwill -- on which the country is heavily dependent for aid -- and are trying to rein him in.
This hearing will bring in 5 witnesses, all of whom participated in the Copyright Principles Project (CPP) that brought together representatives from various copyright perspective in 2007 to 2009 to see where consensus on copyright issues could be reached, and where it could not.
FORBES: House Judiciary Subcommittee's First Copyright Hearing
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