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Whilst the motivation behind the proposed changes is at a minimum questionable, hopefully common sense will prevail, the real dangers of using a sledge hammer to crack a nut are avoided and something more proportionate emerges. There has been a steady and substantially controlled consolidation of the market since the banking crisis and in particular since LASPO. An impact on the best interests of existing clients will no doubt be an unintended consequence if the market is put into further turmoil. For those firms that do decide enough is enough much has been written on strategically exiting the sector with client’s interests central to the process and can be found in the Gazette archives. Further information available via www.pi-solutions.co.uk Central to all of that is seeking external advice around what is likely to be a one off event for the exiting firm in circumstances not previously experienced.