The Association of Professional Financial Advisers (APFA) has announced that Alan Lakey has stepped down from his role as APFA Council member.

Chris Hannant, director general of the APFA, said: “Alan Lakey has stepped down from his position on the APFA Council to pursue other opportunities. We’d like to thank Alan for all of his hard work and support over the last 18 months as we’ve campaigned for a better deal for advisers through a period of substantial change.

“APFA continues to represent a broad church of small, medium and large financial advice firms, as we fight for a better deal on fees, securing a long stop and holding the regulator to account.

“We’ll be seeking a new member to represent small firms as part of our usual elected process.”