Will stockbrokers be miffed by the latest Big Bang?
The new stock market rules might be boring to read, but they herald big changes to the way things are done in financial services
Earlier this month, a Big Bang took place in financial services that went largely unnoticed. At more than 7,000 pages long, the second Markets in Financial Instruments Directive is mind-numbingly dull, but these new rules fundamentally change how financial services are sold.
I’ve spoken to a number of financial advisers in recent weeks who are privately critical of the changes. They believe that, instead of better protecting investors from poor advice, the new ...
