Long Acre Life’s view from the top: Regulation and the new normal

As the financial services industry digests a wave of incoming regulation and adjusts to a new climate, Financial News asked leading executives whether regulators and policymakers were beginning to adopt a more realistic approach and whether the financial industry begun to accept a “new normal”. David Norgrove, Chairman of PensionsFirst and Long Acre Life, suggested that while this was true to a certain extent, there remains a lot of Micawberish thinking that something will turn up.  Meanwhile sponsors have poured £175 billion into their schemes since 2007 without reducing deficits, and the end game for DB pensions is coming rapidly closer.

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