Regulatory change brings greater transparency

Old Mutual International talks about changes that need to be made

A survey by Old Mutual International puts regulatory changes at the top of the challenges faced by international financial advisers in the last twelve months.

Peter Kenny, of Old Mutual International, whose headquarters is on Onchan Head, says these changes obviously put more cost on businesses.

Computer systems need to be changed as well as practices, and that takes time.

But, he says, you have to look at the purpose of the changes: