Stephen Gay hits back in AIFA resignation row

Doug Johnstone, chairman of Creative Benefit Solutions, recently launched a public attack on the organisation, saying it is disproportionately influenced by pro-fee IFA firms and takes a "Stalinist approach" to crushing dissent. Claiming AIFA "largely ignored" the views of the Working Group in its Treasury Select Committee response, he bemoaned the fact meetings of the group were held under "Chatham House" rules. However, in a response to PanaceaIFA, Gay explains the events which led to Johnstone's resignation and defends his organisation. Gay says: "Despite having his views heard,...