When a lawyer hinted at the challenge facing Gay at AIFA

The most recent entry on his CV reads ‘director of distribution development, Aviva’ which, to some, means his was an unsuitable appointment. The size of the task he faces as Chris Cummings’s replacement was perhaps best summed up by a lawyer in Birmingham last week. Speaking at a judicial review hearing into the FSCS’s controversial decision to levy investment advisers for compensation claims relating to Keydata, Anthony Speaight, QC, said: “The FSCS gave no consideration to the AIFA point.” Speaight’s remark was intended as a damning indictment of the FSCS, but it served as a remi...