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Dance of the Severn veils

I have just heard, although not from
Aifa, that David Severn, former head of retail investment policy at
the FSA, is to replace Paul Smee as Aifa director general.

This is either an aston-ishing and very intelligent move or Aifa as
an organisation will be hamstrung as it will be led by someone who
may not be prepared to fight our corner vigorously and with
partiality so that IFAs’ interests are inhis mind and he does not
mind upsetting the FSA.

I know which way I am inclined to lean and I shall be very interested
to see how quickly David Severn dispels my very real concerns – and I
suspect those of many others – and demonstrates his new-found zeal
for IFAs.

I was also perplexed – but only momentarily until the reality of
politics returned to me – as to how Aifa can exclude anyone who is or
was an IFA from being director general and then appoint a former head
of the FSA.

This decision would appear to not only be an example of double
standards but hurled squarely in your face as well.

David Barnett DPB Independent Financial Services, Edgware, Middlesex

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