Lehmans- One year on: Providers face battle winning back IFA trust

The AIFA director general says advisers will be more wary when carrying out due diligence following the collapse of Lehman Brothers and the domino effect on the rest of the financial system. “The biggest issue to come out of the Lehmans saga is due diligence and it is going to be a considerable period of time, if ever, before that trust in companies comes back,” Cummings says. “Large organisations have got a big challenge on their hands to convince advisers they are trustworthy. Any unusual investment products will face extra scrutiny and IFAs, quite rightly, will be thinking long and...