One Call faces £4.6m hit on top of £1m+ FCA fines

money-stacks

The Financial Conduct Authority (FCA) has fined One Call Insurance Services and its CEO John Lawrence Radford £684,000 and £468,000 respectively for breaching rules around handling of client money.

In addition to the fines, the FCA will also impose a restriction on One Call, which is a broker providing car, van and home insurance, for 121 days from the date the Final Notice is issued.

This means One Call is restricted during that period from charging renewal fees to its customers, a move which

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