FSA fines set to treble, brokers warned


Reynolds Porter Chamberlain has published research showing a trebling in Financial Services Authority (FSA) fines in just one year and warned they could treble again.

According to the city law firm, the FSA collected £96.7m in fines in the year to 31 March 2011 compared to £33.1m over the same period the previous year.

With the FSA set to be split into two there are fears in the market that competition between the Financial Conduct Authority, which will regulate brokers, and the Prudential

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: