Around 20 firms contacted
Thematic review showed most funds correctly marketed
FCA was formed three years ago
Researchers' altruism is constantly tested
Follows departure of Wheatley last year
Non-exec role at annuity specialist
Difficult risk assessments
"I am not worried about the tax, it is not like it was my money in the first place. I will pay the tax and then buy a flat in Tenerife, which will keep me going for my retirement".
'Liquidity improved' claims at odds with managers