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

Articulate your service proposition

clock • 4 min read

The many pages of MiFID II regulation have been minutely examined by the financial sector and yet, writes Andy Thompson, the full implications may not be fully understood until we enter a tougher market environment for advice

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...

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