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Amanda Davidson steps down from Aifa to pursue FSA role

Aifa deputy chair Amanda Davidson is stepping down from the role following her appointment to the FSA board to avoid any potential conflicts of interest.

Earlier today, the Treasury announced that Davidson (pictured), who is also a director of Baigrie Davies, had been appointed as a non-executive director of the FSA.

Aifa has welcomed Davidson’s appointment to the FSA board as recognition that advisers need to be better represented at the regulator.

Aifa director general Chris Cummings says: “This appointment is a welcome recognition by FSA that the intermediary sector has not been adequately represented on its board.

“We are pleased that the regulator has listened to our concerns.”

Cummings adds: “Amanda has performed an excellent job as Aifa deputy chair.

“We are delighted that she has been given the opportunity to represent the interests of IFAs.

“Amanda will now be stepping down as Deputy Chair and we would like to take this opportunity to thank her for her contribution. We look forward to continuing our positive relationship with her.”

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Comments

There are 7 comments at the moment, we would love to hear your opinion too.

  1. Typical of what is happening, Amanda takes the bag and Chris comes out with one of his typical “sucking up” comments. With her insight into the workings of small IFAS, this will allow FSA to really crucify IFAS

  2. If “P’d off IFA” knew Amanda he would understand that she is a passionate advocate of small IFA’s and this appointment means at last we have a voice at the FSA’s top table. That has to be good news. And how can Chris’ telling the FSA they have had it wrong for ages be sucking up, for Pete’s sake! He’s the best defender of our corner we’ve ever had, and is all the more effective because he never resorts to abuse. I’ll stay anonymous so you can’t accuse me of sucking up too!

  3. could be a short role though !!

  4. It worried me when David Severn was appointed director general of the Aifa. It especially worried me when he was a known opponent of independent advice and former head of retail investment policy with the Financial Services Authority. And now we have the reverse with Amanda moving over to the FSA. Of course this could be seen in a good light, Lord knows the IFA needs some supporters at Canary Wharf and with luck Amanda will take a positive view of independent advice with her. The only other issue is why Amanda would move to an FSA facing the chop? Could it be that the FSA is facing a name change rather than any other changes?

  5. We hope because hope is all we have.

  6. Surely “with her insight” she will be able to STOP the daft stuff and transform the way small IFAs are regulated?…surely thats the point of the role? I hope that shes unwavering and wont let anything that isnt an effective, competent, thought through, joined up and cost effective solution be imposed or continue in place. So lets be positive and give her a chance.

  7. No wonder you want to remain anonymous.(comment addressed to me on 18/03/2010 at 6.29pm). Perhaps you are Chris Cummings. Chris Cummings has never been an IFA and he never answers IFA letters. He enjoys “hobnobing” with those and such as those.wz

    With regards to Amanda, whose side is she on? She goes one way and then the other.

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