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Towry chief rejects call to join Aifa taskforce

JS&P Towry Law chief executive Andrew Fisher has spurned Aifa’s invitation to join its Future of Advice taskforce as he “fundamentally disagrees” with its objectives.

Fisher says he was asked by Aifa director general Chris Cummings to join the taskforce of major advice industry names which will draw up a “manifesto of advice” this year to coincide with the retail distribution review consultation.

Fisher says that as he supports much of the FSA’s RDR proposals, he did not feel that it was appropriate to work with the group.

He has been outspoken in his calls for commission to be banned as a way of removing “bribery” from the industry and advocating fees as the only payment option allowed.

Fisher says: “I declined to join the taskforce as I fundamentally disagree with where its arguments are coming from.”

Other members of the taskforce’s working party include SimplyBiz chairman Ken Davy, Sesame chief executive Patrick Gale, Tenet group chief executive Simon Hudson, Bankhall chief executive Peter Mann and Thinc Group chief executive John Simmonds.

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