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FCA fines more than halve to £192.6m in 2020

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The Financial Conduct Authority imposed fines of £192,570,018 in 2020, the third lowest total on record since the watchdog was formed in 2013.

Last year’s penalty total was a 50.9% fall on the £392.3m levelled the year before.

There were no fines for insurance providers or brokers. However, claims management company Hall and Hanley, which

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