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Do you think life offices should help financially bail out IFAs struggling with the pension review?

"I think life offices have a moral obligation to help out IFAs. At the time when a lot of pension transfers were being done, insurance companies projected to us the idea that it would be of benefit to clients."

Clive Terry, Good News Financial Services

"IFAs have got to demonstrate that they would go to the wall if it was not forthcoming. There should not be a blank cheque."

Derek Edmunds, Boylan & James

"Insurance companies should be allowed to lend money to IFAs for this. It is in the best interests of all."

Tony Byrne, Byrne Williams

"I would not use the term &#39financially bail out&#39 but do feel life offices should make some form of contribution. We were encouraged by life offices to believe that products they were selling would be better for customers." John MacLeod,

Ian MacLeod Insurance & Mortgage Services

"The short answer has to be yes. At the time, it was generally felt that trans ferring out of occupational pensions was often the best thing to do. The Government seems to have conveniently forgotten it was also involved in promoting individual pensions."

Alan Stephenson, Mr Alan Stephenson

"The only reason for life companies helping out is out of common interest. It&#39s not a bad thing but advisers can&#39t expect it."

John Thompson, John Thompson

"The small man is struggling to keep his head above water and do day-to-day work. The pension review takes time and we do not seem to be getting help from the companies from where the transfers came."

Christopher Dodd, Christopher Dodd Insurance Services

YES 62.5%

NO 37.5%


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