The trade union which represents senior civil servants has been dumped by its financial advisers because its members are not rich enough, reports the Guardian .
Towry Law has provided financial advice to the FDA, formerly known as First Division Association, for five years, but it has suddenly terminated the contract. The firm said it wants to focus on individuals with £100,000 or more to invest and it cannot find enough among the FDA's senior civil servants. In a letter sent to the FDA's 16,000 colleagues last week, the association said: "Unfortunately we find ourselves in the unenviable position of having to inform FDA members of the immediate and totally unexpected withdrawal of Towry Law's financial services support for the FDA's membership...
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