'A set of geriatric gums': Ex-APFA council member Alan Lakey on 15 years of struggle

Pre-Retail Distribution Review (RDR) I was a long-term critic of APFA's previous incarnation, the Association of Independent Financial Advisers (AIFA), which should more properly have been renamed the Advisory, Conciliation and Arbitration Service due to its conciliatory agenda. I recall that, back in 2007, I described the then-director general Chris Cummings as the Neville Chamberlain of financial services due to his lacklustre posturing in respect of the RDR. When Adviser Alliance had run its course I was persuaded that joining APFA and helping shape the future of regulation was the...