These are both net-positives for FID. Ongoing client approval should be a given, and FID, as a medium-sized player, should be able to deliver compliant workflows quicker than both big players (too much legacy to deal with) and smaller players (not enough resourcing to support).
Effective regulation also shouldn't be a concern, but an opportunity to acquire more books from those who now find it "all too hard".
FID will continue to grow through acquisition (which I expect to accelerate now), and will eventually be acquired by IOOF or AMP.
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