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

Ten common investment mistakes to discuss with clients

Ten common investment mistakes to discuss with clients

Seeking professional financial advice builds investment confidence

John Moore
clock 13 May 2024 • 4 min read
Future of Investment Festival: Our specialist sessions for advisers

Future of Investment Festival: Our specialist sessions for advisers

Targeted at sustainable, forward-thinking finance professionals

Professional Adviser
clock 10 May 2024 • 1 min read
Defaqto: 'No appropriate and compliant way to compare MPS portfolios'

Defaqto: 'No appropriate and compliant way to compare MPS portfolios'

Tech firm to debut a performance comparator tracking solutions’ data

Hope Coumbe
clock 09 May 2024 • 1 min read