Cummings calls for IFA 'cheerleader' to replace Sants

The trade body says some of Sants' views on the place of the FSA within the industry were the complete opposite of AIFA and its members. Chris Cummings, director general of AIFA, says: "What we need is a new CEO who is prepared to be a cheerleader for the industry." Cummings praises Sants for recognising his weaknesses and for taking the helm at a difficult time, but says the trade body could never align itself with some of his views. "Hector said in a speech he believes firms should be afraid of the FSA. We find this sentiment extremely difficult. We think firms should respect the...