The Financial Conduct Authority (FCA) has today fined Towergate Underwriting Group Limited (Towergate) £2,632,000 for failings in relation to its protection of client and insurer money.
Total pay of £710k in previous financial year
Adviser network Openwork has exceeded 3,000 advisers across the group for the first time in its history despite a long-term decline in the number of advisers working in the UK market.
Sue Lewis has been re-appointed for a further two and a half years as chair of the Financial Services Consumer Panel
Futures markets had predicted 3% opening fall
The Financial Conduct Authority has issued a statement saying that the UK regulatory framework, which mostly derives from EU legislation will remain until future negotiations between the EU and UK.
Insurers are providing initial reactions to the news that the UK has voted to leave the EU.
A Public Accounts Committee report released today has revealed that claims management companies charged victims of the PPI scandal £5bn out of compensation they ought to have received in total.