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Will you keep selling Asps despite the Government’s warning that they will get rid of them if advisers sell them to all suitable clients rather than just those with religious objections to annuities?

John Reynolds, Strategic Financial Advice

Yes “It’s important to make all the options available to clients.”

Eugene Goodwill, Eugene Goodwill IFA

Yes “If all other factors were equal, I think I would certainly recommend Asps for some of my clients but I have not as yet had anyone that fits that category of reaching age 75 in the last six months. Reserving these for those purely with religious objections is discrimination and will be waiting for some clarity in the PBR.”

Mike Godfrey, FS3

No “We have not sold any but the Government will face a backlash if they try to stop Asps in their present form.”

Simon Booth, Foresight Independent Financial Planning

Yes “We will still sell them although they are not a major part of our business.”

John Beatty, HE Financial Services

Yes “I do not focus on pensions but advisers are being put in an impossible situation. Anything this Government says at the moment I think we should worry about.”

Colin Mason, Estate Planning UK

Yes “As yet, we have not sold a single one because we have not had any suitable clients. Until it is scrapped, we would continue to sell them.”

Ian Conroy, Gibbons & Co

Yes Yes “We do not really get involved with Asps but we would treat any suitable client as we would everybody else. It does not matter about their religion.”

Steve Hather, Hather Financial Services Money Marketing welcomes readers’ letters for publication. Letters should be sent to: The Editor, Money Marketing, 50 Poland Street, London, W1F 7AX.


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