Now the merger has got the yes vote from the members of both organisations, I hope that Harry Katz does not to resign his membership (Money Marketing, October 14). The financial services profession needs people like him.
Harry needs to accept that it is possible to disagree and to enter into debate without falling out. Let me reiterate that this debate has been going on at board level for the best part of a decade. It has not got beyond that level during that time because, sadly, individual vested interests got in the way.
It was appropriate to put the matter to the members of the LIA and Sofa. I know that both boards believe that members are well informed enough to decide whether there should be a coming together. Anyone who thinks this should not be decided by the members is missing a big point. This has nothing to do with independent financial advice or otherwise and Harry is wrong to fog the issue by raising that point. This has everything to do with enhanced qualifications, training and professional standards regardless of independent advice.
Now the informed members have voted yes, I believe the new combined body will be better placed to serve the needs of members who embrace the higher standards required of financial services practitioners.
Nick Bamford Chairman, Sofa