'ombudsman still relevant' argues kerbel, director general of ofta
Ofta, the UK-based trade body for offshore financial advisers, has come under attack by ex-members for being an unnecessary expense for advisers based in regulated markets. Peter Smith, CEO of Belgravia, which recently left the organisation, has defended his decision to leave, arguing that it will not damage the reputation of his company and claiming that the recently-changed costing structure of Ofta's ombudsman service made it undesirable to remain a member. This comes at a time when offshore sales through intermediaries are rising sharply. The latest figures from Ailo put offshore b...
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