Expense Account, Mint
While we were used to the mutual fund industry complaining about its regulator, soft voices against the regulator are surfacing in the life insurance industry as well—and they sound very surprised. The funds were used to a tough regulator, but the insurance industry is a bit open-mouthed by the sudden turnaround in a “friendly” regulator to one that not only goes ahead with tough regulation, but follows that up by taking out television and newspaper advertisements asking policyholders to complain against insurance companies. The playing field, as far as complaining about the regulator is concerned, is fast getting levelled.