Departing AIFA boss blasts industry in-fighting

Scott Sinclair
clock

Outgoing AIFA director general Chris Cummings has lambasted in-fighting as the industry's "weakness".

Cummings, director general of the trade body since 2005, quit in June to become the first chief executive of TheCityUK. While he believes the independent advice sector will "come into its own" post RDR, he says the industry continues to be held back by internal conflict. "I always thought in-fighting was a great shame, a weakness," he told Professional Adviser, IFAonline's print title. "I remember sitting in a room with one certified and one chartered adviser. But rather than talk about how the world of advice could be improved, there was too much focus on which, of certified or ch...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

PA Asks: Will the Tory plan for financial services be a positive?

PA Asks: Will the Tory plan for financial services be a positive?

This week’s poll also looks at the Labour Party and financial wellbeing

Professional Adviser
clock 28 May 2024 • 1 min read
Rise and fall of finfluencers: Shifting the advice landscape

Rise and fall of finfluencers: Shifting the advice landscape

Investors shift back to traditional advice as finfluencers’ popularity falls

Sahar Nazir
clock 24 May 2024 • 7 min read
PA Working Lunches: Register today to hear from Schroders

PA Working Lunches: Register today to hear from Schroders

Join us for an informative session worth one hour of CPD

Professional Adviser
clock 24 May 2024 • 1 min read