Martin Scicluna needs to focus on a strategy for RSA Investors have welcomed not only the measures taken but the steady flow of information. But now they really want a detailed recovery plan. For all Scicluna's warm words about wanting to return RSA to being a "well capitalised, stable group," he must now show how he intends to do so. With the Irish conundrum relatively contained, he must focus quickly on how to raise the capital he needs to shore up the books, which some analysts believe is as much as £500m. Axing the dividend altogether would provide some of the money, as would selling off a number of key emerging market divisions. But what investors appear to want most of all from Scicluna is a sense of purpose - a sense of what RSA is all about. Under Lee and his predecessor, Andy Haste, RSA adopted something of a land-grab strategy. However, the Irish problems have provided Scicluna with prima facie evidence as to the pitfalls of adopting such a strategy. Investors will be just as keen to see how he bolsters the group's capital position as he sets out future strategy, for the two are intertwined - one cannot happen without serious thought about the other. A man of action, maybe, but Scicluna also needs to be a man of much thought between now and the strategy review at the end of February if RSA is to return to form.