I rang around a few in the industry to see what they thought of organisation's first two years.

The reaction was fairly positive. Overall, the FMA seems to be doing okay although there are some areas where the industry would like to see some changes. Some of those I spoke to said they wanted successes celebrated and for the FMA to take more of a lead on crafting the rules practitioners operated under.

A survey mid-week that showed financial advice was rating more highly as an appealing industry to work in seems to back up the idea that regulation isn't putting new people off entering the industry.

But, as you'd expect, those that have been burnt are less fond of the regulator. The representative of investors with money in Ross Asset Management says the FMA is dragging its feet on its investigation. Six months after things went sour for RAM,  investors have been asked a series of questions about their involvement. They say it makes them wonder what the FMA has been up to during that time.

Earlier in the week, Fisher offered some insights into its investment strategies. It was the first quarterly briefing of its kind for the Fisher team since they took over from TOWER. They used it to remind investors that while no one is overly concerned about inflation at the moment, the prospect shouldn't be completely discounted.

Again, the story that generated the most discussion this week was around Partners Life's claim that a change to medical commission - and the resulting drop in business - was what prompted a restructure that cost eight jobs.

Many commenters said there had to be more to this story, so I put some of their questions to Naomi Ballantyne. You can read her response here.  It's fair to say it didn't do anything to quell the argument. Sources have told me that this may have more to do with the Reserve Bank's pending review of reinsurance funding than anyone is willing to admit.

It will be interesting to see how it plays out.

In other news, we've had some movements on the people front, and the mortgage sector has had some interesting developments.