Regulator’s annual total falls from £229.5m in 2017.
2018 started off with a bang with FCA fines and some big ticket M&A involving Markerstudy and A-Plan.
John Radford’s £468,600 fine also confirmed.
The broker has partnered with tech provider Roost on ‘home telematics’.
John Byrne of regulation experts Corlytics controversially argues that brokers could see worse from the regulator and says the market should learn from the “painful lessons” in banking.
Emmanuel Kenning and Siân Barton discuss the key points from the week's news.
The announcement comes just weeks after the business and CEO received huge FCA fines for mishandling client money.
Ida Axling and Siân Barton discuss the week's top five most read stories.
If you can’t, won’t or don’t play by the rules expect to see money fly out of your wallet, writes Siân Barton
Brokers have reacted to the huge penalty and renewal restriction that the FCA placed on One Call following client money mistakes.
Firm also faces £4.6m hit as it suffers first known renewal fees suspension.
One Call and Radford express regret for client money “miscalculation” and insist their intention was to help consumers.
CEO John Lawrence Radford is also prohibited from having any responsibility for client money and/or insurer money and criticised for “lack of competence”.