Sheriff Hughes ditches his horse for FMA departure
Hughes and the FMA have had plenty of criticism from the financial advice world as we have witnessed here. Some of the comments seem unwarranted. Maybe they show some misunderstanding of what Hughes has achieved in his three-year reign.
In his farewell speech at the organisation’s quarterly Stakeholder Briefing in December he told guests that regulation should not be a panacea for all ills but an inducement and encouragement for willing investors to participate.
However, he said a regulator should not always use a "hard stick" to punish those who broke the rules but a "firm stick".
I also learned about a speech he made to the Workplace Saving conference earlier in the year. To me it is a must read for everyone who reads Good Returns.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
