Regulation in the financial service industry will hurt clients.
I have been intrigued by the response to yesterday’s piece about direct sell insurance in Australia and the regulatory matters that relate to it. The gist of the comments are these: Regulation makes the delivery of the service more costly. More paperwork, more repetitive… Continue Reading “No Rule Guarantees Behaviour”
David Bourke in Australia has been a long time and generous follower. He operates an insurance agency there that follows very high standards and he has shared many useful ideas with me. He commented on a post this past Saturday. It was in response… Continue Reading “Regulation in Australia. FAIL!”
The need for regulation of financial advisors arises from an abdication of responsibility by the people who may suffer the greatest cost. That cannot end well. There are two thoughts that matter. The client is the sole planner, everyone else is a helper. If… Continue Reading “Regulation Feels Good, But”
The action is heating up on Ontario Bill 157 – The Financial Advisors Act, 2014. Regulation has been a hot topic for some time and until recently, there have been few that openly opposed it. Regrettably, the principal objection now is that the act… Continue Reading “On Regulation of Financial Advisors”
There is a Chinese curse that goes, “May you live in interesting times.” A sister-in-law has told me that there is a worse one, “May you have interesting children.” I think the first will suffice for today. You should read “The Postcatastrophe Economy: Rebuilding… Continue Reading “Interesting Times”