Andy Thompson: Use MiFID II to build resilience into your business

The many paragraphs of the revamped Markets in Financial Instruments Directive - or ‘MiFID II, for short - have lent themselves to more than a few column inches over the past weeks, so forgive me for adding to the load. While the reams of regulation have been dissected by the industry, its full implication may not be fully understood until we enter a tougher market environment for advice. The RDR had prompted similar concerns. Would advisers be able to articulate their charging models to clients when returns are stunted and the conversation is about downside protection? The sector, as ev...