The Financial Conduct Authority (FCA) is to review how and how much it fines businesses amid complaints from banks about the rise of high penalties.
Fines by the FCA have hit record levels after investigations into the alleged rigging of Libor interest rate benchmarks and the foreign exchange market. Financial services has been hit with a total...
Annuity market worth £4bn in 2017
For ‘distress’ caused
Oversees £30bn of advised and D2C assets
Less than a third of top paid employees are women
£1bn business since inception