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Bamford in plea for unity after yes vote for merger

Sofa chairman Nick Bamford is calling on IFAs who opposed the merger between Sofa and the LIA to support it now it has won the go-ahead from members.

Both organisations have voted in favour of the mer-ger and Bamford is asking IFAs who were against the move, such as Harry Katz of Norwest Consultants, not to leave the Personal Finance Society as they would be missed.

Katz recently wrote to Money Marketing, saying as he has been unequivocally opposed to the merger he would have no other course than to resign if it was approved.

Bamford says: “I do hope that Harry Katz chooses not to resign his membership. The financial services profession needs people like him. Now the informed members have voted yes, then I for one believe that the new combined body will be better placed to serve the needs of members who embrace the higher standards required of financial services practitioners.”

Katz says: “That is very sweet of Nick but I am torn. I am still not entirely convinced.”

•Letters, p39

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