Anyone working on MiFID? If so how long have you been engaged on it?
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MiFID
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Originally posted by ChicoAnyone working on MiFID? If so how long have you been engaged on it?
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.Comment
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Originally posted by threadedWhich is why Threaded Financial Services is moving to Scandinavia.
HTH
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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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