Context
The FCA has published its Attestations data for the last three quarters of its 2025/26 financial year. Links are now provided to the data for Q1, Q2, Q3 and Q4 2025/26. An attestation is a firm’s formal statement that it will take, or has taken, an action the FCA requires. The FCA uses attestations as a supervisory tool to ensure that regulated firms – and senior individuals within them – are clearly accountable for taking required actions, often without ongoing regulatory involvement.
Key points to note and next actions
- The most usual situations when the FCA asks for attestations include notifications, undertakings, self-certification and verification.
- In Q1 2025/26 there was one insurance attestation (from a dedicated supervision firm, i.e., a ‘relationship managed’ insurance firm) out of a total of eleven. This was the only dedicated supervision firm that was required to submit an attestation.
- In Q2 2025/26, there was again one insurance attestation from a ‘portfolio supervision’ firm, out of a total of eight.
- In Q3 2025/26, there were 17 insurance attestations (five from dedicated firms and twelve from portfolio firms) out of a total of 27. This period, October to December 2025, coincided with the FCA’s work on home and travel insurance claims and the reaction to the Which? Super-Complaint on the subject, where a number of firms had to attest over improving their systems and controls, treatment of storm claims, and monitoring cash settlements.
- In Q4 2025/26, there were four insurance attestations (from portfolio supervision firms) out of a total of ten.