Half-formed cap ad move devastating

However, in 2009 by far the biggest body blow to come out of the implementation stage of the Retail Distribution Review will be the new capital adequacy requirements. Not only are these new requirements half-formed but, as I understand it, they are to be pushed through at break-neck speed. This will without doubt be decisive for a great many firms. The move to increase from £10,000 to £20,000 the basic limit will be difficult enough for firms to bear, but the additional requirement of three months ordinary expenditure, subject to the £20,000 minimum, could prove to be the killer blow fo...