Departing AIFA boss blasts industry in-fighting

Scott Sinclair
clock

Outgoing AIFA director general Chris Cummings has lambasted in-fighting as the industry's "weakness".

Cummings, director general of the trade body since 2005, quit in June to become the first chief executive of TheCityUK. While he believes the independent advice sector will "come into its own" post RDR, he says the industry continues to be held back by internal conflict. "I always thought in-fighting was a great shame, a weakness," he told Professional Adviser, IFAonline's print title. "I remember sitting in a room with one certified and one chartered adviser. But rather than talk about how the world of advice could be improved, there was too much focus on which, of certified or ch...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Wren Sterling adds £900m AUM with London-based IFA acquisition

Wren Sterling adds £900m AUM with London-based IFA acquisition

Evans Hart brings nearly 2,500 clients to the group

Sahar Nazir
clock 12 December 2025 • 2 min read
Demand for entry-level talent forces expansion of Nucleus-backed We Are Change scheme

Demand for entry-level talent forces expansion of Nucleus-backed We Are Change scheme

Foundation reports rising demand for entry-level routes into financial services

Sahar Nazir
clock 12 December 2025 • 2 min read
'Mounting anxiety' from Autumn Budget leading to more financial advice enquiries

'Mounting anxiety' from Autumn Budget leading to more financial advice enquiries

Enquiries for financial advice up by nearly a quarter following Budget

Sahar Nazir
clock 11 December 2025 • 1 min read