Although I agree with the regulators move to lighter touch and principle-led compliance, I sometimes miss the old style heavy-handed compliance regime with thousands of pages of rules and guidance to read.
This time last year we were waiting for the introduction of pension simplification. We had so much to read and understand through documents issued particularly by the Treasury and the FSA. Never a dull moment as the financial services ‘chattering class’ discussed the finer points of Asps, PTA and lifetime limits. How I miss those days with so much to read and discuss. Now we have to use the telephone to call trade bodies and the regulator to try to get guidance. Am I losing my marbles asking for more written guidance? I may be, but let me ask you three simple questions and without jumpin...
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