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Broker talkback

Do you think responsibility for risk ratings should lie with IFAs rather than with providers?

“No. They should share it. A provider is a seller. My job is to look beyond the gloss of that sale. It is, or rather should be, a shared responsibility.”

Trevor Jones Roy E Sansom & Co”No, but it is a bit of a grey area so I am not sure where the respon-sibility lies. I guess it has to be looked at on a case-by-case basis.”

Graham Ballott, GD Finance”No. I think that the people who make the products know a lot more about the products than we ever can and so responsibility should lie with them.”

Anthony Allen, Anthony J Allen”No. Guidance should be given by providers but the responsibility for the advice the client receives lies with the IFA.”

Robert Thomson, Independent Financial Strategies”No. I would prefer the onus to be on the product provider to provide accurate information but we do have to use our judgement on this so it is a debatable issue.”

Angus Makepeace, Hadrian Financial Services”No. IFAs can only go on the information that is published so it is very difficult for an IFA to drill down into how a provider is operating. To expect an IFA to double and treble check every operation is unrealistic.”

Mark Mason,Buckles Investment Services”No, but financial advisers need to look into the matter as much as they can. Having said that, you can have something underpinned by a very big bank but if the bank goes bust, an IFA cannot be held responsible.”

Michael Brill, Baronworth Investment Servicesno 89%

yes 11%

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