Bluefin fine – 32 FCA staff directly involved in investigation

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The Financial Conduct Authority (FCA) has revealed that 32 staff were directly involved in the investigation into Bluefin that resulted in a £4m fine for failing to manage conflicts arising from being owned by Axa in 2011 to 2014.

The punishment was handed down almost exactly a year ago on 5 December 2017 by which time Bluefin had already been sold to Marsh for £295m.

Bluefin agreed to settle at an early stage of the FCA’s investigation, if it had not done so then it would have been hit by a

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