One recent Saturday morning, I picked up the Financial Times. This is not something I like doing on the weekend - not when I'm out of the office and The Sun's News In Briefs is on offer.
It contained a letters from Tracey Mullins - Director of Public Affairs at the Association of Independent Financial Advisers. She was complaining about a comment from the CEO of the British Bankers' Association, Angela Knight. Knight had said the FSA's proposal to introduce a multi-million pound general funding pool – to be used for catastrophic losses when any company fails - which would "only cement the IFAs' inappropriate conduct of their business". I’m not surprised IFAs felt aggrieved at that little pot-shot. Anyone reading statements like that might be forgiven for thinking the BBA h...
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