Prando's Asset Management - Regulation by thesaurus

The chairman considers the FCA's ‘little battle' with the English language

Julian Marr
clock • 3 min read

"Did that chap in the middle really just urge us all to sing along to 'Nessun dorma'?" whispered the chairman of the improbably-sized investment company Prandeamus Asset Management as we watched the entertainment at the UK Platform Awards earlier this week.

"I mean, five people so enthusiastically belting out that aria is four more than I might consider ideal - at least - but you have to admire his optimism." "It was nice that singer should have such a high opinion of Her Majesty's financial services industry he'd imagine we would know any more words than the title," I agreed later as we stood by the bar. "But tell me - would you consider his ‘all together now' to constitute advice or guidance?" "I know you think you're being funny," sighed the chairman. "But you know very well it was neither. "It was a call to action - and not an especi...

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

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers look to capital accumulation in Q2 2025

Advisers look to capital accumulation in Q2 2025

Interest in inflation protection nudges up

Jen Frost
clock 18 July 2025 • 3 min read
For companies – and their investors – management matters

For companies – and their investors – management matters

'Management, whatever the setting, really is a difference-maker'

Gabriel Sacks
clock 17 July 2025 • 4 min read
'No difference in my view': Reeves LTAF-ISA decree not enough to make platforms offer them

'No difference in my view': Reeves LTAF-ISA decree not enough to make platforms offer them

Retail platforms await further rule change details

Eve Maddock-Jones
clock 16 July 2025 • 4 min read