Godfrey: I see no problem with backing both consumer and industry

Ousted IA chief plans investment management role

Over a month after his resignation from the Investment Association, former chief executive Daniel Godfrey has defended his attempts to combine the interests of the end consumer with those of the industry itself.

Following his departure, some of Godfrey's critics named him a "consumer champion", despite being at the helm of a trade body for three years, but he argues serving the industry and the consumer need not be mutually exclusive. Speaking in an interview with the Financial Times, Godfrey (pictured) said: "Investment managers are paid by someone else to act on their behalf, so we are paid to be their champion. "I see no philosophical reasons for there to be any tension between the idea of championing the interests of consumers in investment management, and the interests of the investment ...