2021 fines

This page contains information about fines published during the calendar year ending 2021. The total amount of fines so far is £91,097,200.

Firm or individual fined Date Amount Reasoning
Lloyds Bank General Insurance Limited, St Andrew’s Insurance Plc, Lloyds Bank Insurance Services Limited and Halifax General Insurance Services Limited 08/07/2021 £90,688,400 This Final Notice refers to breaches of PRIN 3 and PRIN 7 related to communications with customers in the general insurance and protection sector. We imposed a fine.
Crosfill and Archer Claims Limited 28/06/2021 £110,000 This Final Notice refers to breaches of breach of the Conduct of Authorised Persons Rules 2014 (“CAPR”) related to unfair treatment of customers in the claims management sector. We imposed a fine.
Sapien Capital Limited 06/05/2021 £178,000 This Final Notice refers to breaches of PRIN 2 and PRIN 3 related to the risk of financial crime in the trading firms sector. We imposed a Fine. 
Simon John Varley 15/04/2021 £68,300 This Final Notice refers to Section 63A FSMA and breaches relating to APER 1 and FIT relating to a lack of honesty and integrity in the investment advisory sector. We imposed a fine and a prohibition.
Adrian Horn 04/03/2021  £52,500  The Final Notice refers to breaches of MAR and FIT relating to Market Abuse in the Trading Firm sector. We imposed a Fine and Prohibition.