Clifford Chance litigation partner Simon Davis has been appointed by the Financial Conduct Authority (FCA) to carry out a review of its investigation into the insurance industry.

The independent inquiry is in response to concerns about how the FCA handled an investigation into certain long term life assurance products sold in the UK between the 1970s and 2000, details of which were leaked to a journalist. The review was included in the FCA’s Business Plan, published last week.