I do hope the Member of the European Parliament who was quoted as saying “We are hoping it is the high watermark of bashing for the finance sector” is correct. We have had to endure many regulatory changes few of which have really benefited the British consumer or reduced barriers to trade between EU member states. The rules and regulations for Independent Financial Advisors differ significantly across the different member states and harmonising the rules would cause many job losses and confusion for consumers who are used to conducting business in a certain way. Creating a single market would be too painful for very little benefit in the independent financial advisory sector.rnrnThe article which inspired this article is http://www.moneymarketing.co.uk/mep-warns-industry-to-stay-alert-over-fresh-eu-bid-to-cap-fund-manager-bonuses/1074761.articlernThis information is intended to provide a general review of certain topics and its purpose is to inform but not to recommend or support any specific investment or course of action. The tips may not apply, or be suitable, to everyone and you should contact us for advice if you are unsure whether this is the case.rn
