The regulatory challenges have now eased, but the commercial challenges are far more important and will be much harder for some.
A rapid rise to previous levels, known as a V-shaped recovery, seems unlikely in the present environment.
I have little doubt that standalone robo-advice firms will have their day in the sun, but it is hard not to wonder if they are blazing a trail for the benefit of others.
After the meeting today a source close to the IA said the board will do whatever it can to keep the association membership intact.
The structural reforms proposed by Abe have been harder to realise, as Japan suffers from China market fallouts.
Investors revisiting Bitcoin one year on from the market falter will find a very different space.
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The group is considering active funds and ‘smart beta’ strategies.
BlackRock’s Christofel is keen to stand out from the large crowd when it comes to the new pension freedom rules.