Cummings' exit: industry reaction

Cummings will leave AIFA in August to become chief executive of TheCityUK. Alan Lakey, partner at Highclere Financial Services and founder of the Adviser Alliance, says: "He did say some time ago he wanted a job at the Treasury and those who thought this was just a rung on the ladder of life for him also expected he would move on at some point. "Whoever takes over must have an appetite for confrontation which Chris has failed to display over the last few years. "Cummings and his predecessor were both political animals who preferred walking down the corridors of power and sitting do...