Lakey says he will not be responsible for the day-to-day running of the IFADU but will act as the industry-facing representative. Owen will continue as coordinator of the group, focusing primarily on legal issues.
Lakey joined the Defence Union in 2004. He recently prompted the joint committee on human rights to investigate the lack of a long stop for complaints against advisers.
He says: “As the face of the IFADU, I will be challenging the RDR, the long stop, treating customers fairly and other concerns of small IFA firms.”
Owen says: “Alan has been invaluable to us from the beginning and has been a forthright spokesperson for small IFA firms for decades.”