It is true that many of the more box-ticking rules by which we hard-done-by souls in financial services have to abide originated in the EU. The vast majority, however, were dreamt up by our own, dear regulators. Take a look at any section of the FCA Handbook, or, for that matter, any piece of tax legislation and you’ll see that we can do tangled bureaucracy very nicely by ourselves, thank you. So I’m not holding my breath in anticipation of a Brexit Bonanza of ripped-up rule books. More and more of the same is more likely, I’d say.
“Letter of authority: Why now is the right time for change”
This may sound like a non-issue from outside the world-of-financial-advice bubble. It is the bain, however, of the daily working lives of many of us, particularly of those paid by we advisers to do the dirty work of dealing with the many providers with whom we have to work.
