It has been reported this morning by Sky News that director of supervision Clive Adamson will soon leave but the FCA press office told Financial Planner Online it was unable to comment on the position of a staff member. The story emerged from a Sky News report.
The FCA confirmed that the Davis Review of the FCA's handling of the announcement of a review of closed-book life insurance policies will be published next week. The report from Sky News said that Mr Adamson's departure was not connected with the soon to be released report.

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The Davis Review is an independent inquiry into the handling of the FCA's announcement of proposed supervisory work on the fair treatment of long standing customers in life insurance.
It was launched in March after the FCA's handling of information about its probe into closed-book insurance policies led to huge value being wiped off the share prices of leading insurance firms. Treasury Committee chairman Andrew Tyrie MP called it "an extraordinary blunder".
Mr Tyrie said at the time: "The principle that market sensitive information is released accurately to all participants at the same time appears to have been breached.
"This announcement may have led to a disorderly market in shares. It may also have damaged consumer confidence in the industry as a whole.
"On the face of it, this is an extraordinary blunder. It is crucial that we have a full and transparent explanation about how such an apparently serious mistake came to be made by our financial services watchdog - the body appointed by Parliament to enforce high standards of conduct."
Before his current role, Mr Adamson was director of the Major Retail Groups Division within the Financial Services Authority, with the responsibility for the supervision of the main UK banking and insurance groups. Prior to that, he was senior advisor at the FSA, having previously held the same position at the Bank of England.
His current division is responsible for the conduct supervision of regulated firms across all sectors and the prudential supervision of those firms not prudentially supervised by the Prudential Regulation Authority.

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