View more on these topics

A Towry of strength in IFA world

I am writing with regard to Towry Law tearing up its Aifa membership. I was already nervous about the future of the IFA world but now I am really concerned

How on earth will Aifa cope without a forwardthinking “giant of the industry” such as the chief executive of Towry Law?

Previously, I always thought it was a mistake to criticise fellow members of any profession but I obviously defer to Andrew Fisher’s greater wisdom.

We must stand up for his scathing attack against Aifa’s ridiculous questioning of the RDR. The man is a genius, with his hilarious “Amalgamation of Ignorant Flat Earth Advocates” putting him in the Oscar Wilde league for great witticisms.

I am extremely grateful to Andrew. For the last few weeks, I had been living under the illusion that the RDR was a discussion paper, with the FSA wanting all parties’ views on the subject.

I was even thinking about joining the debate. However, If Andrew knows that Aifa are “flying in the face of the RDR”, it must surely mean that things are already set in stone. I can’t imagine that there is any point in us mere mortals swimming against the tide.

Steve Bloomfield
XL Independent Financial Advisers

Recommended

Domestic disturbance

Changing consumer attitudes in Asia will be a key driver of the world economy

Amber restricts LTVs to 90%

Amber Homeloans withdrew its 95 per cent loan-to-value near-prime and self-cert prime products this week. Maximum LTV on near-prime full status is now 90 per cent.

Resolution new business rises 20 per cent

Resolution announced that new business profits grew 20 per cent to £30m compared to the second half of 2006 in its interim results released today. Its asset management arm grew 70 per cent to £24m while third party sales were 142 per cent higher at £1bn.European embedded value operating profit amounted to £395m in the […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com