MAS chief Rookes 'clarifies' remarks about adviser ethics

Rookes, who was quoted saying she was "worried" about the ethics of financial advisers in a speech delivered at the Labour Party Conference, was merely "agreeing with another participant at the event that all advisers need to operate ethically", the MAS said. Rookes' comment had attracted severe criticism from some parts of the industry, which called it "unfair" and "disproportionately negative". Personal Finance Society (PFS) chief executive Keith Richards (pictured) said the comments were "inappropriate" and "dis-serve the general public's best interests", potentially further deterr...