Cathi Harrison – What might make our lives easier?
23 July 2019
Apricity’s Cathi Harrison considers how elements of financial services could be made simpler and easier to work with, both for industry participants and clients.
Having read an article by Andy Bell at AJ Bell about how the six different ISAs (I was actually surprised to discover there’s now six!) could be simplified into a single ISA structure (a great idea by the way, with a commercial awareness also clearly shown), I thought I’d review what else in financial services could be made a bit easier…
Aside from the obvious fact that they have already been “simplified” (although I appreciate anyone who has joined financial services since 2006 might find this hard to believe) there is clearly a huge opportunity to further simplify them:
I’m bound to think this can be simplified, but when I first started Apricity and was speaking to other compliance consultants, it was like learning yet another new language. When I drilled down to what all this terminology meant, it wasn’t actually that tricky. It was just lost in an unnecessary layer (or two) of complexity.
I can’t do much about the first three… but I’ll keep doing what I can on the last one!
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