"Do you realise you may have broken our compliance process?" asked the chairman of the improbably-sized investment company Prandeamus Asset Management when I dropped by to see him this week. "Delighted to hear it," I said. "How exactly?"
"By inviting me to the Test match the other day," he explained. "Very decent of you, of course - but, administratively speaking, hugely painful." "But why?" I asked. "It was just a £55 ticket" "Shhh," hissed the chairman, his eyes darting nervously around his office. "I think you'll find it was £49.99," he said more loudly - speaking not in my direction but towards the smoke alarm in the ceiling." "Sure ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes