KEEP UP TO DATE WITH ALL THE IMPORTANT COVID-19 INFORMATIONCOVID-19 RESOURCE PORTAL
FANews
FANews
RELATED CATEGORIES
SUB CATEGORIES Featured Story |  Straight Talk |  The Stage | 

Dirty tricks - president kicked out and fax provides all the details.

24 February 2006 Angelo Coppola

I received a fax a couple of days ago (22 February) concerning the findings of a disciplinary action against a senior executive within a broker body.

Regardless of the guilt or innocence of the person, I question the need to put the fax to all members, and I wonder why the association thought it appropriate to let all its members know that the executive had been found guilty and dismissed.

Washing dirty linen in public has a nasty habit of coming back and biting the washer on the bottom. It also calls into question the ethics of the organization, although some would say that they are taking the ethical high ground by instituting disciplinary measures against the individual.

On the other hand while I guess that its important to let all members know that a senior member of their organisation has been dismissed, surely it would be appropriate to provide the executive summary of the dismissal, and not go into the gory detail?

I am all in favour of transparency and also in favour of naming and shaming, but providing the entire enquiry charge sheet to all and sundry went a tad too far in my opinion. And being the consipary theorist that I have sometimes been accused of, there seems to be more to this picture than meets the eye.

Interestingly enough of the six charges brought against the individual, he was found guilty on four of the charges and only guilty on one sub charge of the fifth charge. The sixth charge is in effect as a result of the other five charges.

Notwithstanding that, I wait with anxious anticipation for the press release that was promised at the end of the fax. Interestingly the fax was dated 8 February, and today is the 24th no press release has crossed my desk yet. rather a long time to get everyone to approve the press release - don't you think?

Again no mud-slinging is allowed but if there is a power struggle within this organization surely it should be kept behind the boardroom doors. Please gentlemen a little decorum is called for, even if the politicians dont practice the same restraint.

Quick Polls

QUESTION

We have watched with interest as each of the country’s large life insurers report their 2021 life claims statistics, with soaring claims and claims values. That got us thinking: how do the big life insurers compare against one another, from an IFA perspective?

ANSWER

An insurer is an insurer is an insurer
All are excellent: would not deal with them otherwise
There is one insurance brand that stands out for me
Tied agent: but my brand is the best out there
fanews magazine
FAnews June 2022 Get the latest issue of FAnews

This month's headlines

A free smoothie does not make a loyal customer
Consequential loss policy court cases
Everything you need to know about death, disability and severe illness cover post-emigration
Are advisers doing all they can for clients’ portfolios?
Financial advisers need help - navigating the complex ESG fund environment
Subscribe now