Editorial: Time to face depolarisation

The next 12-18 months will reveal whether the horror stories of what will happen to the industry – consolidation, businesses closing, demise of independent advice – really come to fruition. Adopting the menu, as well as helping consumers to understand how it works and what financial advice really costs, is the final piece of the jigsaw towards advice transparency. Of course, these are major reforms and will make many intermediaries feel the way they run their business is being dictated to by regulation. But the priority now for firms is to establish what business model they want to c...