The Financial Conduct Authority (FCA) spent £1.4m on its Financial Lives survey and report between 2015 and 2017.
A Freedom of Information Request submitted by Insurance Age revealed that the regulator paid outside firms £131,772 in 2015/16 and £647,651 in 2016/17 to conduct the survey on its behalf.
In addition to this the watchdog also spent £13,247 producing a physical copy of the report – these costs included £6,328 for typesetting the document and £6,918 on printing expenses.
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