FCA insurance fines down 28.5% to £31.96m in 2014
Broker-specific fines fall from £9.76m in 2013 to £1.3m last year.
The fines issued by the Financial Conduct Authority (FCA) in the general insurance sector fell significantly in 2014 compared to the previous year, according to calculations by Insurance Age.
Sanctions totalling £31.96m were imposed by the regulator last year set against £44.6m for the preceding 12-month period - a fall of 28.5%.
This represents a turnaround from 2013 when fines rose by 160% from the £16.9m meted out by the Financial Services Authority (FSA) in 2012.
Broker specific
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