I have read somewhere claims that if a sufficient number of primates are locked in a room with keyboards for long enough, then eventually one of them will replicate a Shakespeare play. In the past, I have viewed this claim with scepticism but a recent event has led me to reconsider.
I am, of course, referring to the plethora of sanctimonious drivel emanating from the Financial Services Authority which, incidentally, is rumoured to be changing its name to the Fatuous Solutions Agency in this new dawn of consumer clarity.
In recent weeks, industry publications have been submerged beneath a mountain of statements from our illustrious mentors suggesting that decimation, sorry, depolarisation, is in the best interests of us all.
But just as I had given up all hope of reality, an honest assessment came forth. I refer to one sentence in the statement published in last week's Money Marketing from David Severn, FSA head of conduct of business. “It is nonsense to suggest that the FSA's proposals will force present IFAs to become multi-tied or, indeed, go out of business. The choice is entirely theirs.”
Give that man a banana.
Partner, CP Walker & Son,