What role should the Investment Association play post-Godfrey?

Daniel Godfrey, who resigned yesterday as chief executive of the Investment Association, faced an almost impossible task when he joined the trade body nearly three years ago.

He not only had to represent over 200 members with often conflicting agendas, but he also had to somehow turn around the perception of the asset management industry in the minds of the UK public. Godfrey quits the Investment Association Many believed the IA's predecessor, the IMA, had been too silent in the aftermath of the financial crisis when the reputation of the financial services sector was in tatters. Furthermore, there was no real defence of the industry when criticism intensified in the national press and other quarters as to the benefits of active fund management. Godfrey...