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Broker Talkback

Do you agree with the Government that generic advice should be partfunded by the industry?

Yes 12%

No 88%

No “I think that is something that should be funded by the FSA or the Treasury. We should not be expected to subsidise this because it dumbs down professional advice.”

Leigh Johnson, Zimb Johnson Bespoke Financial Planning

No “If the Government wants to introduce generic advice, then they should foot the bill for it. It should not fall on the IFA community.”

Marcus Reilly, Pelham Independent

Yes “If it helps drive consumer education, it has got to be a positive move because the more knowledgeable people are, the more clients we will get.”

Paul Robinson White, Independent Solutions

No “Because I am not sure I see the value of generic advice and do not see why we should pay for it.”

Paul Staite, Paul Staite Independent Financial Advisers

No “At the end of the day, we pay enough as IFAs and we do not want to have pay out more. This would be yet another financial burden for the adviser community.”

Peter Holden, Holden Independent

No “The customers should pay for their own advice. I do not believe IFAs should have to fund this.”

Kevin McDonald, K and M McDonald Financial Services

No “I do not think it is right. Too much has gone on with regulation and this will add another tier of cost and complication.”

Andrew Hannah, Sinclair Hannah Financial Management

No “I just don’t think it is right that IFAs should be asked to pay for this.”

Martin John Cooper, Martin Cooper Financial Services

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