Alan Lakey is lobbying his MP in an effort to take Lord Myners "to task" for misleading parliament about reasons for the lack of a long-stop for advisers.
The founder of Adviser Alliance (pictured) says the former City minister misled the Joint Parliamentary Committee of Human Rights when giving reasons for the lack of a long-stop last June. "I can categorically prove Lord Myners lied to the committee on three counts and I am trying to bring him to task," he said. In his submission, Myners said there was not a "sufficiently strong case" for a long-stop for financial advisers after the FSA looked into the matter. But Lakey says the former City minister's assertions that Parliament debated the lack of a long stop and the FSA consulted ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
