I refer to your article about the possibility of a listing on the London Stock Exchange by Towry (FA, 2 July).
I have another take on this. The new EU legislation coming out in 2016 by way of MiFID II and packaged retail insurance-based and investment products (Priips) may have the effect of clarifying to clients the amount of the overall costs being charged on their various investment and pension arrangements, including fund charges, platform charges, product charges and adviser charges.
This may be disadvantageous for those firms offering services of a more expensive nature.
I would therefore expect to see a number of transactions such as floats and takeovers between now and the commencement of the new regulations as owners of those firms attempt to realise maximum value.
Robin Keyte
Director,
Keyte Chartered Financial Planners,
Taunton,
Somerset
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