FCA's non-financial misconduct survey 'highlights opportunity to make a difference'

The UK's financial watchdog's study found that the number of non-financial misconduct incidents in certain sectors within financial services soared between 2021 and 2023. It found that around 1,363 incidents were reported in 2021, a number which increased to 1,670 in 2022 and 2,347 last year. The FCA study, which polled over 1,000 wholesale insurers, banks and brokers, found that most incidents (26%) related to bullying and harassment, followed by discrimination at 23%, although the largest group (41%) fell under the ‘other' category of the survey. Personal Investment Management & ...