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Broker Talkback

Should IFAs be selling large quantities of with-profits bonds in the current market?

No 100%No “IFAs should be doing what is right for the client. We do not sell with-profits bonds anymore. We think that they are not transparent enough.”

Robert Wood, Money Matters

No “They are opaque and it is often difficult to understand what the underlying assets are. I would question whether they are offering good advice or are more concerned with the commission rates.”

Julian Gilbert, Wealth Matters

No “It is a situation that needs to be reviewed. You don’t want to go in and then out of the with-profits bond market too quickly because of the charges involved.”

Barry Govey, Connaught Financial Consultant

No “There is a perception by consumers that with-profits bonds are safe and not linked to equity markets.”

Deane Cross, Cross Financial Management

No “The performance has not been brilliant over previous years and there is no indication that it is going to improve.”

Bill Cruikshank, Bill Cruikshank

No “I did not like them before and nothing has changed as they are way too obscure, particularly in this environment.”

Jeremy Davis, 35 Finance

No “In today’s market, you have to be quick on your feet and to put a client in such a rigid structure would be an error.”

Robert Harris, Money Plus 2000

No “They are a flawed product and I am surprised that they are still available. We as a firm don’t sell them and we never have.”

Jim Harries, Phoenix Wealth Management


Bubbling along

Commodity prices are again rallying after some sharp falls in recent weeks.

I rest my case

I had intended to write about trust, looking at Aifa’s recent document on how to rebuild the public’s trust in financial services institutions.


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