At the time of writing it has certainly been a season of manifestos.
First we had the individual political party ones and then we had the combined Lib Dem – Conservative alliance one. As expected, the Lib Dems succeeded in watering down the Conservative proposals to split up the FSA. So, in a sense, we are where we were. This is, however, not a time to be complacent. In policy terms I believe we are now entering a phase of both great opportunity and threat. The opportunity for the industry is to sort its house out and move to an era of proportionate regulation – taking advantage of the bonfire of nannying, pointless, rules. The threat is that, if we don’t...
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