MAS apologises to PFS over adviser ethics comments

The PFS received a statement of apology from MAS chief executive Caroline Rookes, who claimed her comments had been "misrepresented". It followed "urgent dialogue" between Rookes and PFS chief executive Keith Richards. Rookes had expressed concerns over adviser ethics during a fringe meeting at the Labour Party conference, sparking a wave of complaints from the industry, including an open letter from Richards. MAS' apology read: "We are very disappointed that Caroline's comments at a fringe meeting at a Labour Party conference have been misrepresented as an attack on the ethics of ...