'Standing up for the little man' was one way Daniel Godfrey's exit from the Investment Association (IA) was depicted last week.
I guess when a comment like that comes from the Financial Times it is a crumb of comfort for the beleaguered Godfrey. But it is a strange set of words which implies Godfrey was somehow a 'whistleblower' in an industry bedevilled by something inherently against the interests of 'the little man'. In a debate about the way Godfrey led the IA, which may really only be of interest to those of us who work in the industry, it is worth remembering we are all 'the little men'. There will be virtually no-one who works in the industry that is not an investor with some form of savings. It does...
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