The Monetary Conduct Authority didn’t fee any expert particular person experiences within the insurance coverage sector between January and March, leaving the operating whole for the 2024/25 monetary 12 months at 10.
It was the primary time within the 12 months that the watchdog didn’t slap any insurance coverage companies with S166s.
An S166 is issued when the FCA is anxious about features of a regulated agency’s actions or desires additional evaluation (see field).
The regulator beforehand handed out six between April and June 2024, including one other two within the subsequent quarter and two extra in Q3.
The annual determine although remains to be the best lately (see graph beneath), however may but be revised.
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