Insurance firms report 662 staff to FCA in 2020/21 over conduct
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Insurance firms report 662 staff to FCA in 2020/21 over conduct

Luke Harrison
25 July 2022
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General insurance firms reported 662 employees to the Financial Conduct Authority (FCA) last year for breaking conduct rules, including just three senior managers, according to data accessed by the consultancy Sicsic Advisory.

A freedom of information (FOI) request sent by the firm obtained figures that show a higher reporting rate among insurers compared to brokers, with 14% of insurers reporting conduct rule breaches, compared to just 3% of intermediaries in the...

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