Brewin Dolphin warns on 'one size fits all' regulation

But it also said its results were achieved despite the increasing cost of regulation and said such a burden is unlikely to be reduced going forward. The group expressed concern about a "one size fits all" approach to regulation - a strategy it said was more appropriate to businesses that "merely sell financial products". For the year to September 26, profits before tax were £31.4m - a 43% increase on last year's figure of £21.9m. Its investment management business, representing 96% of group turnover, saw income rise 18%. Total funds under management surged 13.2%, driven by an 18.6%...