Making sense of alphabet soup

Alphabet soup on the menu this month, with a handful of MiFID, plenty of Nurs and Ucits III and, you've guessed it, a dash of Sipps - although we have gone easy on the TCF. Sometimes the professional life of a financial adviser must resemble not so much a business as an appearance on Countdown. It's hard enough to keep track of what all these acronyms mean - as in stand for - but what do they all really mean? For your business, that is? Well, on page 18 two experts offer their thoughts on the implications of the day of the MiFID. Unfortunately, their words of wisdom are subject to the FSA ...