Regardless of the many news articles now claiming there is light at the end of the recessionary tunnel, many businesses are still suffering with the dual burden of increasing debt and rising overheads.
Taking this into context with the inevitable growth in regulatory costs; capital adequacy requirements and training expenditure and it's very easy to see why many directly regulated adviser firms are now in a particularly vulnerable state. In fact the story of the three little pigs springs to mind here and we all know what happened to the houses built from straw and sticks to save on labour and materials! Putting humour aside, the irony of this famous fairytale is actually quite striking when we explore it further. In the same way that many businesses may now be very tempted to cut c...
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