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SimplyBiz Group plc

FCA needs to strip away some of the rulebook

According to legend, Lady Godiva rode naked through the streets of Coventry to save the peasants from the oppressive taxation imposed on them by her authoritarian husband.

Substitute oppressive taxation for ‘regulation’, and her Ladyship for the ‘Coventry Building Society’, and you have the modern-day version of this heart-warming legend.

I am not suggesting Mark Parsons, the plain-speaking chief executive of the Coventry, is likely to be donning his riding boots any time soon. Nonetheless, when announcing the society’s excellent results he rightly highlighted the important part played by intermediaries in the achievement of the building society’s strong growth.


SimplyBiz Group PLC (LON:SBIZ) provides compliance support and business consultancy services to financial services, legal and workplace benefits professionals in the United Kingdom. It offers regulation, vision, business efficiency, personal development, and encouraging growth services. 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.