The recent MM profile of Towry Law chief executive Douglas Black prompted
an unprecedented response from readers but one correspondence caught the
Diary's eye more than any other stunt on the back of the IFA's current bete
Scottish Life general manager (sales) Jim Gilchrist was so inspired by
Black that he suggested someone should establish a Douglas Black Award for
services to the insurance industry, given that he claims to have saved it
£20m in spite of the £30m claimed from the ICS for Advizas'
pension misselling liability.
The Diary suggests the award should be made to companies as well as
individuals. FIrst winner In the company category must be ScotAm parent
Pru. IFAs the land over will be thanking it for “concentrating” its IFA
focus by shelving initial commission.