Blessings in disguise

Regulating intermediary business in the protection industry is proving to be something of an arduous task, not only for intermediaries but also for the Financial Services Authority (FSA) when communicating with lenders and advisers. Intermediaries are faced with the task of adopting the new regime while keeping their expenses as tight as possible. New technology There are really only two avenues likely to be taken when trying to offset the cost of regulation. The first is consolidation, where intermediaries join forces and share the costs - much like what happened following investment r...