Profile: Alan Lakey

There aren't many advisers without an opinion on the FSA's Retail Distribution Review (RDR). But Alan Lakey is actively preparing for war against it and, in particular, proposals to introduce a new business model. The sole practitioner at Hertfordshire-based IFA Highclere Financial Services has teamed up with two other advisers to form Adviser Alliance specifically to ward off what he calls the "RDR threat". Their plan is to force the industry out of its torpor and take action. They are even prepared to take the FSA to the European Court of Human Rights over the proposed changes if...