The Financial Conduct Authority has confirmed commissioning one skilled person report in the insurance sector during the first quarter of 2025/26, after a recent record total the year before.
It marked a return to opening investigations with the regulator having concluded the previous financial year with no insurance-related S166s in the final quarter.
However, that was the only quarter of 2024/25 where it did not slap any insurance firms with an investigation.
The final total for 2024/25 was a record for recent years (see graph below).
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