More is not necessarily better

menu

The aim of the FSA to improve transparency is laudable but the proposed menu system is as likely to drive down quality as prices

One of the most disappointing aspects of the proposed new world of depolarisation is the inevitable increase in the role of the regulators. This will lead to increased cost and bureaucracy for investors and stems from the FSA's apparently firm belief in the inability of consumers to shop around for themselves. It seems to me that while the increased cost of this new regime is certain and substantial, the benefits are by no means so clear-cut. Indeed, almost every perceived benefit of the proposal identified in the paper contains caveats, with the terms 'may' 'could' or 'might'; so the FSA...