Brokers warned that FCA review could signal 'significant fines'
Lawyer states regulator did not find "smoking gun" in review.
Brokers have been warned that significant fines could be on the horizon following the most recent thematic review carried out by the regulator.
The Financial Conduct Authority’s (FCA) review, published yesterday, found that inherent conflicts within insurance intermediaries are not being properly managed.
Charley Taggart, partner at law firm RPC, stated that the FCA had not “found the smoking gun that some thought it was looking for”.
And while he said that this would come as a welcome relief to
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