How does Mr Douglas Black consider a £30m ICS bailout a good deal for
Would a better deal not be allowing his firm to go into liquidation and
the liquidator pursuing Pricewaterhousecoopers?
Mr Black must also assume responsibility for this £48m black hole or
do we assume that he acquired a business he knew nothing about?
Furthermore why did AMP pay £75.7m for an insolvent business?
Mr Black's failings have increased the level of ICS levy on every
individual IFA in the country and yet, for some obscure reason, he feels he
has done us all a favour and we should join him in his expansion ambitions.
Hopefully these new plans are better conceived than his previous effort
and will not incur further costs to the industry.
Amherst Financial Services, Leamington Spa,