Industry should expect a tough 2004 despite rally

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The UK retail financial services industry faces a tough 2004 and rising markets are scant compensati...

The UK retail financial services industry faces a tough 2004 and rising markets are scant compensation. While 2003 may have been notable as the first time the UK market ended in positive territory since 1999, it also marked a year that averaged one consultation paper from the FSA every working week. And that figure does not include the policy reports, EU directives, pension issues or discussion papers that came out. That flood is more than likely to continue through 2004. This year will see the FSA finalise changes being made to the entire Collective Investment Schemes rulebook governing a...