Towergate accepts £2.6m FCA fine
Consolidator hit by £2.6m fine from regulator for client and insurer money failings.
Towergate has confirmed it has worked closely with the Financial Conduct Authority (FCA) throughout the investigation that led to the broker being fined £2.63m.
The broker detailed that the investigation looked into certain breaches of the FCA's Rules and Principles concerning the treatment of client and insurer money during the period June 2005 to December 2013, and added that it has accepted responsibility and agreed to pay the fine.
Cooperation
Towergate added that it had fully cooperated and
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