FCA imposes growth restrictions on Markerstudy
Markerstudy has confirmed a “cap” on growth after the Financial Times reported the Financial Conduct Authority has restricted its activities.
The article detailed that the watchdog had put in place the restrictions “on customer numbers and capital across its sprawling operations until it resolves concerns raised by the FCA”.
According to the FT, “many of these stem from its rapid acquisition-fuelled growth, including weaknesses in its leadership, governance and financial controls”.
A spokesperson for Markerstudy told Insurance Age: “Markerstudy has grown strongly in recent years and we maintain a close and collaborative dialogue with
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