MiFID
Anyone working on MiFID? If so how long have you been engaged on it?
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Sola gratia
Sola fide
Soli Deo gloria -
Looks like Euroballs Cheeky. Can't you ask him upstairs for some leads ? -
Yes, I've actually tried to spark a discussion on this a week or so ago.Originally posted by Chico
It is a con trick to put UK financial services at a disadvantage to EU competitors. My calculations show that a 5 man IFA team will be better off by £200,000 a year in regulatory costs alone by being based in Denmark as compared to the UK. And the tax advantages to the IFAs themselves totally swung it.
Which is why Threaded Financial Services is moving to Scandinavia.
HTH
Insanity: repeating the same actions, but expecting different results.
threadeds website, and here's my blog.
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You'll be competing with Romanians then?Originally posted by threadedWhich is why Threaded Financial Services is moving to Scandinavia.
HTH
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Not sure your 5 man IFA setup themselves would be directly impacted by MiFID. Its the Investment banks, trading houses etc who will bear the brunt of it.Originally posted by threadedYes, I've actually tried to spark a discussion on this a week or so ago.
It is a con trick to put UK financial services at a disadvantage to EU competitors. My calculations show that a 5 man IFA team will be better off by £200,000 a year in regulatory costs alone by being based in Denmark as compared to the UK. And the tax advantages to the IFAs themselves totally swung it.
Which is why Threaded Financial Services is moving to Scandinavia.
HTH
Sola gratia
Sola fide
Soli Deo gloriaComment
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Looks like someone guessed Chico's password - it must have been this: joshuaComment
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Looks like another gravy train. Toot toot!Comment
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