The consultation on PPI cost the FCA over £473,000
Regulator notes that £3.2m of the £42.2m consumer communications campaign budget has been spent so far.
The Financial Conduct Authority (FCA) spent £473,293 on the consultation on payment protection insurance (PPI).
According to a Freedom of Information request conducted by Insurance Age, this figure is made up of external costs, where just under half were costs for legal advice on the consultation.
The regulator declined to give details on the total cost of the consultation including internal costs.
Staff
It stated: “The vast majority of internal costs relating to the consultation were staff
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