FCA chief executive Andrew Bailey has delivered a keynote speech on the ‘wealth of diversity’ - urging more organisations to follow the FCA’s lead in increasing representation of women and minorities.

A number of financial firms, as well as the FCA, have been rated as some of the top workplaces in the UK for being lesbian, gay, bisexual and trans (LGBT) friendly places to work.

The current level of funding and the financial structure of FOS will have to change, FCA chairman Charles Randell told the Treasure Committee today.

FCA chief executive Andrew Bailey has warned firms not to ‘mislead’ customers over investments.