Fraser Donaldson: No guesswork, no crystal balls

Regulation - new and old

clock • 5 min read

It may well feel like there is a never-ending stream of rules telling you how to approach client portfolios but, argues Fraser Donaldson, the underlying principles have never really changed

When it all gets a bit too much and there are way too many trees to allow a proper view of the wood, I always consult with the lovely and long-suffering Mrs Donaldson. Take the contribution you have just started reading: I was going to write about regulation, new and old, and how the Retail Distribution Review (RDR) and the second iteration of the Markets in Financial Instruments Directive (MiFID II) have changed the way we work - and, in particular, how we look after our clients' investment portfolios. There seems to be a never-ending flow of new rules and guidance. Suitability, cost...

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