'It was worth a try': Alan Lakey steps down from APFA council

Carmen Reichman
clock

Highclere Financial Services senior partner Alan Lakey has left his position as a member of the Association of Professional Financial Advisers (APFA) council as he felt his voice "did not get heard".

Lakey, who replaced adviser Harry Katz on the council in 2012, said he felt he had been "banging [his] head against a wall".  "I didn't feel I was able to achieve anything. I felt it was worth a try. I'd been critical of [APFA's predecessor] AIFA and, whilst things are different, that doesn't mean I was able to exert the influence I wanted to exert," he said. "I have been mulling over [leaving] for six months." Lakey (pictured) said he was trying to change the makeup of the council and fight for a back-up action plan should the long-stop for advisers - an issue APFA has been campai...

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 Regulation

FCA pumps £3.7m into advice/guidance boundary review work

FCA pumps £3.7m into advice/guidance boundary review work

Come as the regulator proposes to increase fees by 2.5%

Isabel Baxter
clock 08 April 2025 • 3 min read
Open letter slamming FCA email policy sent to regulator and government

Open letter slamming FCA email policy sent to regulator and government

'Alarming lack of consultation'

Beth Brearley
clock 20 March 2025 • 2 min read
Crispin Odey hit with £1.8m FCA fine and ban

Crispin Odey hit with £1.8m FCA fine and ban

FCA cites lack of integrity

Sorin Dojan
clock 17 March 2025 • 2 min read