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Britannia Life has closed to new IFA business. Will you miss it?

"On balance, no. It is an interesting indication that the market is becoming more competitive and there is a squeeze on margins."

David Cumberland, Robin Bradford (Life & Pension Consultants)

"Yes, because they have got damn good fund performance and give a good deal to clients, particularly on single-premium pensions. I think Britannia is crazy."

Mike Elkins, Mike Elkins Consultancy

"No, I did not do any business with it apart from unit trusts, which is still open."

Richard Emery, R J Emery Financial Services

"I won&#39t, because I have not used it to any great degree."

Robert Evely, R F Evely Financial Services

"No. It is a matter of supreme indifference to me. People who do use it will probably be disappointed."

David Chapman, David Chapman Financial Planning Services

"I have never used it so I won&#39t miss it."

Clive Terry, Good News Financial Services

"No. I did not deal with it. I am one of those who does not see a great deal of future in the IFA business at the moment."

Brian Butcher, Rowan Butcher & Co

"No. I did some PHI with it but not an awful lot really. This could affect its IFA support in the mortgage market, I would have thought."

Francis Ridley, F J Ridley & Co

YES 12%

NO 88%


Liddell backs review aid for small brokers

Treasury economic secretary Helen Liddell has backed ABI plans to provide loans and practical help for small IFAs to complete the pension review. Liddell, announcing the March name-and-shame list last week, which sees DBS rooted to the bottom of the table, demanded that firms should work together to complete the review. The ABI is currently […]

Aegon toast to the future

Aegon chairman of the executive board Kees Storm is noted for being a frank speaker. But even Storm is cagey over acquisitions. As Europe&#39s insurers scramble to seal deals and analysts predict just five major players will emerge over the next few year, Aegon has been tipped as a predator. In the space of two […]

Individuals in firing line as regulators get tough

The cost could be £6.65bn, it will take until the new millennium to get it finished and some firms are bound to go to the wall as a result. After months of silence, the Financial Services Authority and the PIA have finally come up with proposals on how to deal with the estimated 1.8 million […]

ABI scotches rumour of adequacy being axed

The ABI has squashed recent speculation that the capital-adequacy requirements for UK financial companies might be scrapped under a new European directive. European manager Jennie Frost says the £10,000 minimum reserve will stay for the foreseeable future.


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