Wealth Manager report:

The Financial Conduct Authority (FCA) has art worth more than £700,000 hanging on its walls.

In the past year alone, the regulator has spent around £10,000 on its art collection, snapping up the works to refurbish its reception area.

The new regulator, which replaced the Financial Services Authority earlier this year, opted some time ago to ‘pursue an arts programme’ that displayed loaned art rather than purchasing work directly.

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I am a journalist and author. I am a staff writer at the UK edition of WIRED magazine and in 2015 my book, Freedom of Information: A Practical Guide for UK Journalists, was published. I created FOI Directory in 2012.