What the FCA has done with the RDR has been immensely strong. I’m a big supporter or the regulator.
It has changed the culture of the City to be more consumer-focused. That’s a generational change and it’s a very good thing to have been done.
I remember playing Blackjack with my grandfather when I was about eight and I was getting incredibly frustrated that every time I put a chip on, I didn’t get much money or I would lose it. He said “You’ve got to speculate to accumulate”.
It is not only true in investments; it’s also true of life. You’ve got to take some risks.
When I was younger I always considered whether I could get into being a cricket commentator, but thought the chance was negligible. I always knew relatively early on I would get into finance, the question was just what part.
No one ever grows up wanting to be an Oeic salesperson, but in the end we have all fallen into financial services in some shape or form. I’ve definitely found the right industry.
