LIA director general Mark Ommanney has hit back at former LIA chief executive Jeff Travis who said that LIA members voting for the merger are like turkeys voting for Christmas.
Ommanney says a merger would lead to the LIA being part of a stronger more unified voice for advisers. He believes it would allow advisers to make their voices heard at a crucial time. He says LIA advisers are professional advisers with independence of thought and action.
Ommanney says a professional organisation will need to require basic qualifications and argues that even without a merger, the LIA is planning a transition to a professional association which will require qualifications.
Merger Edge, p40