Ex-IA chief Godfrey takes on new role

Ex-IA chief Godfrey takes on new role

Former Investment Association chief executive Daniel Godfrey has become an ambassador of the Transparency Task Force.

Mr Godfrey, who left the IA in October 2015 after rumours that some members were unhappy and were going to leave, will work with the campaign group for greater transparency in financial services.

He said: “Financial services are of enormous importance to real people, companies and the economy.

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“When they work well, they help people protect themselves from the impact of misfortune, to save for the things they dream of and to live a decent standard of living as they get older.

“That is why it is so important to improve value for money for the consumers of financial services products and it is perfectly clear that greater transparency, particularly in relation to costs and charges, has a vital part to play in that.

“Quite rightly governments and regulators around the world are taking a good look at this space so it has to make sense for relevant trades bodies, professional associations and client-centric market participants to work together to put things right, and that is what the Transparency Task Force is all about – I’m happy to play my part and to encourage others to do the same.”

Mr Godfrey had previously been director general of the Association of Investment Companies for more than 10 years.

He is currently a non-executive director of Big Issue Invest Fund Management, the Investor Forum and the Ethical Capitalism Group.

Andy Agathangelou, founding chair of the Transparency Task Force, said: “Daniel has well-known views on the importance of putting clients first and his insight and understanding on transaction costs and charges will be extremely helpful to us.

“He really understands what makes the investment industry tick and he has exciting ideas about how things ought to be, including a compelling and creative ‘single charge’ model for the future.

“This is exactly the kind of fresh thinking that is needed now. In my mind there is no doubt about it. We will look back in years to come and recognise that this was an extremely important appointment for our campaigning community, the financial services industry and its customers”.