The UK has spent too long developing layers of ineffective and frustrating regulation in its financial services sector, John Kay says.
Speaking at the House of Commons Business, Innovation and Skills committee, Kay said he does not oppose the principal of regulation but that British markets had gone down a "Soviet Union" style of developing...
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.