Wealth managers

The Financial Conduct Authority (FCA) is to leave its Canary Wharf base in favour of the redeveloped Olympic Park in Stratford, east London.

The FCA may face legal action from institutional investors after its disclosure of a probe into closed-book insurance policies, according to the Financial Times.

Chancellor George Osborne has written to the chairman of the Financial Conduct Authority (FCA) criticising the regulator for its "damaging" behaviour in releasing details of its investigation in to insurance policies before a formal announcement.

The Financial Conduct Authority has proposed a sizeable hike in annual funding requirements for asset managers in 2014/15 due to the cost of AIFMD implementation.

The Financial Conduct Authority (FCA) is to review the suitability of investment advice as part of its 2014-2015 supervisory work.

The Financial Conduct Authority (FCA) has increased its annual funding requirement (AFR) - the amount it levies fee payers - for 2014-2015.

Martin Wheatley, the chief executive of the Financial Conduct Authority (FCA), is facing calls for his resignation after the regulator made an "extraordinary blunder" that hit insurers' share prices, according to reports.

The Investment Management Association (IMA) plans to complete work to improve charges disclosure and introduce an effective statement of principles by the end of the year, the organisation's chief executive has said.

CLOSED LIFE PROBE

Shares in Resolution and peers tumbled today following reports the FCA is to probe 30 million legacy insurance policies.