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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.


IMA members run £3trn funds

The Investment Management Association’s annual survey reveals its members run over £3.1trn for clients. Of £650bn under management for retail clients, over a third is domiciled in Luxemburg, Dublin and other overseas locations.

Quiz night teams are left stumped

The Lifesearch, Royal Liver and Aegon quiz night got off to a great start with the silver screen round but it was all downhill from there on for the two Money Marketing teams which came sixth and last.A downmarket rival publishing house came top, with appropriately named team Poorly Presented coming a close second, just […]

Neptune Global Income: Is Japan the best dividend market in the world?

By George Boyd-Bowman, Fund Manager at Neptune The Neptune Global Income Fund seeks exposure to the very best – and often overlooked – income opportunities from across the world. Unconstrained by benchmarks, the fund currently has 24 per cent invested in Japan, differentiating the high conviction portfolio from many of its peers. Watch Neptune Fund […]


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