Reality check

So here we are again - déjà vu time. It's that time of year. Fairy lights on Princes Street, evenings closing in, Hibs out of the race for the Scottish Premier League and the UK financial services industry stumbling along like a drunk from an early Christmas party. Ahhhh - time to reflect on 2006 and cast a few thoughts toward 2007. Starting with the year about to pass, it has been fascinating to watch the UK life and pensions sector responding to the various regulatory and market initiatives that have left the industry more battered than ever before. That said, it is probably now facing u...