As a one-man operation, my time is limited and with the increasing regulatory provisions more of my time is pushed towards form filling, rather than doing my job.
I have considered joining a network but have always come to the conclusion that I would be better off on my own – I can only see networks dictating to me what they need, and when.
I work at my own pace, and the FSA must recognise that every firm is different.
An ingrained attitude to business practices is inherent in each of these, but is their own, while a network model – in my opinion – does, if it intends to or not, squeeze individual firm innovation.
Of course, the FSA would find it easier if everyone was a network member, but then surely this would take away the need for principles because it would mean that everyone was singing from the same hymn sheet.
Via e-mail
