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Ellis is out of line with members

I entirely agree with the comments of Harry Katz and Alan Parkinson regarding John Ellis and the Personal Finance Society.

I suggested a member’s corner to the editor of the PFS magazine. However, nothing has happened apart from an acknowledgement of my letter. I also wrote to PFS chief executive Mark Ommanney but as yet have not received a reply.

The board of the PFS has a duty and is obligated to represent members’ overall view when going public, particularly on serious subjects such as remuneration. I disagree with Mr Ellis’s view but would subscribe to the majority of the members’ views even if they were not the same as mine.

Now Mr Ellis is advocating no members’ letters to Money Marketing, a sure sign that he is becoming out of line with its membership and wants to suppress the only way members can make their opinions public.

Perhaps Mr Ellis should move to another organisation which allows his one-sided views to proliferate. No doubt the FSA would welcome him. The board and Mr Ellis pay lip service to the membership on these vital matters and are fast becoming the enemy within.

Gary Mitchell

Sovereign (Financial Services) Group

London WC2

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