Firms could also pay one-off implementation costs of up to £323m

Incoming FSA compliance rules will cost City financial firms up to £1.4bn a year, according to Hargreaves Lansdown.

The charges will come from FSA regulations unveiled over the last year, according to City AM.

Firms could also pay out standalone implementation costs of £253m to £323m according to FSA impact assessments.

The FSA has launched 18 consultations on changes to areas such as capital requirements, financial crime, collecting data and handling consumer complaints.

 

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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