Mortgage slump could last over 18 months - Gummer

Speaking at AMI’s annual dinner, Gummer says the current market turmoil is one of the most difficult times that any AMI members are likely to have lived through and warned that the impact of the credit crunch could continue to affect the industry for at least another 18 months. Gummer also called for the FSA to change its approach to the advice industry, and recognise the value it adds for consumers. “The FSA should recognise that the world had fundamentally changed, and it has to ensure this industry can prosper so it can be beneficial to consumers,” he says. Speaking at the dinner, Chr...