Legal
FCA fines Towergate and former director Timothy Philip for client and insurer money failings
The Financial Conduct Authority has today fined Towergate Underwriting Group Limited £2,632,000 for failings in relation to its protection of client and insurer money. Towergate, an insurance intermediary which holds both client and insurer money, accumulated a shortfall of £12.6 million in its client and insurer money bank accounts which,…
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