Eight changes the FCA has made in response to the Davis report

The Davis report, an inquiry into the FCA's handling of a media briefing on its review of long-term insurance contracts earlier in the year, recommended the regulator change its systems, processes and ways of working across seven areas. In March, FCA director of long-term savings and investments Nick Poyntz-Wright briefed a Telegraph journalist on details of its soon-to-be-announced supervisory probe into the treatment of "long-standing" customers in insurance contracts. The FCA explained its remarks and the scope of the review only days later, sending life insurers' shares tumbling i...