Editorial: 2005 will be better...won't it?

This year has clearly been a defining one, as the number of regulatory reforms being applied to intermediary businesses will have a lasting effect on the advice market. The arrival of M-Day passed much smoother than the mortgage sector might have anticipated, but that is exactly what happened when N2 arrived – the predictions of regulatory disasters and warnings of round-the-block queues to gain regulated status never happened. M-Day passed off quietly and firms are beginning to get used to offering an array of paperwork each time they deliver advice, even if there are still teething pro...