FCA kicked off 2026/27 with no insurance S166s
The Financial Conduct Authority did not open a skilled person review into any firms in the insurance sector in the first quarter of 2026/27, the first time this has happened for over a year.
The last time there were zero insurance-related S166s was in January to March 2025.
In 2025/26 the watchdog ordered at least one skilled person report into an insurance firm every quarter. One was handed out in the first quarter, two firms were slapped with orders in Q2, three were hit in Q3 and one in Q4.
The total of seven for the financial year was though the lowest since 2022/23.
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