Financial services group Achmea has signed a deal on compensating clients who took out investment-based savings policies with very high costs, the Financieele Dagblad reports on Thursday.

Achmea, which operates brands such as Avero and Centraal Beheer, is the last of the big financial groups to settle with campaigners, the paper says.
Policyholders will get the excess fees paid back in 2011, at a cost of €385m. That is €65m more than Achmea first proposed spending on compensation last year.
Some 6.5 million so-called woekerpolissen (profiteering policies) were sold in the 1990s, with costs amounting to almost half the premium in some cases. The scandal cut across the entire financial services sector.