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Time to get behind Apfa

Online comment related to a column by SimplyBiz managing director Matt Timmins: Time to stop moaning and get behind Apfa

Yes, despite Gill Cardy’s efforts on behalf of IFAs – for which she must be both thanked and commended – we now have just one trade body, and we need to make sure that we don’t lose it.

Yes, Apfa is largely funded by product manufacturers, but that’s not from choice – as Gill has found, advisers seem unwilling to finance their trade bodies themselves.

Apfa has done some very good work – probably more than we realise, as much lobbying has to be done in confidence – on behalf of the whole advisory community. Without an effective trade body we would be weaker.

Apfa is not, by a long way, the perfect answer but we can move it in the right direction by supporting it and offering constructive criticism.

As Matt says, all the negative blogging doesn’t help. If we have criticisms then let’s address them to Apfa direct and see what it does about them. 

All the negativity must make it much more difficult for Apfa to be taken seriously by those it is trying to lobby on behalf of.

David Ingram 


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There are 2 comments at the moment, we would love to hear your opinion too.

  1. It is hard to argue against any of these sentiments.

    However the main complaint that I have is the big broken promise in the early days before RDR, when AIFA realised the writing was on the wall.

    Those of us who were staunch in our view of independence were promised a collegiate approach and that Independents would have their own caucus within the whole. That has not materialised. If it had the IFA Centre may never have started and many worthy people such as Gill Cardy may well have enlisted, adding their talent to the whole.

    The short-sighted and manipulative tendencies of the big players who in fact steer the ship, strangled the idea as fast as they could. A great pity. Such a college would no doubt have swelled the ranks – much to the disadvantage and no doubt chagrin of those self-same big players.

  2. History shows that lobbying an unaccountable regulator achieves little, if anything of any tangible value. What APFA should be lobbying for is the creation of a body to which the regulator will be accountable and on whose directives it will be obliged to act. None of this We’ll think about it and get back to you (if we feel like it) rubbish.

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