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New AIFA director general to join on December 1

The Association of Independent Financial Advisers has today announced that its new director general Stephen Gay will join on December 1 2010.

He will also be director general of the Association of Mortgage Intermediaries and the Association of Finance Brokers. Stephen was appointed by AIFA in September and is currently working an agreed notice period with Aviva.

Gay, says: “I am looking forward to joining the organisation in December. Being closely involved in the intermediary profession I understand the many regulatory and economic pressures that members currently face.

“Members need the assertive representation they receive from AIFA, AMI and AFB. I am keen to build on this and ensure the interests of members are recognised where it counts.”


HSBC warns UK government over bank levy

HSBC says its pre-tax profits for the year are well ahead of 2009, but it has warned UK and European regulators that there may be long-term consequences if they impose extra taxes on banks.


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