If we were regulators would we be any better or, God forbid, even worse than the ones we have now?
We are human beings, packed full of faults.
Everywhere I look, whether it is the regulators, the government, the 'representative bodies', the firms they represent, the consumer bodies, the media... everybody - all I see are empire builders, people who want to sit at the top table, preferably at the end where the big chair is.
When asked whether all adviser/broker bodies could work as one I was told by one trade body head honcho that 'one DG would have to leave the room', it appears to be all about turf and certainly nothing to do with the common good.
Are too many people missing the point here?
Anyway. Where is the 'service' in financial services? Are we the worst 'service' sector that the Man on the Clapham Omnibus has to face? I don't think so.
I'm only speaking as an observer who has seen most of what is out there to see and I don't believe that this is what the nation deserves.
"Why can't we work out our differences? Why can't we work things out? Little people, why can't we all just get along?"
What is the title of that film? How many times was what was said by all concerned misunderstood?
Evan
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