View more on these topics

Broker Talkback

Do you think the high-street banks will dominate the financial services market if polarisation is scrapped?

“No.I don&#39t think the high-street banks will have the necessary knowledge of the market. Their activities are too dissipated.”

Andrew Geary, Andrew J. Geary

“No, I don&#39t think they will dominate the market but they will substantially increase their market share.”

Deryk Beeson, Harbour Financial

“Yes. There will be an increase in business and life offices will become more interested in merging or taking over the high-street banks.”

John Burnard, New Life Financial Planning

“Yes I do. I think banks and major direct sales-forces will clean up because they have the financial clout and physical mass to outperform IFAs.”

Chris Eaton, Watson Laurie

“Yes. They are in a position to dominate the market and will use the position of dominance to good effect.”

Barry Woolley, Charter Financial Planning

“Yes because the general public will not perceive the change to polarisation and will go to companies with the biggest advertising budgets.”

Chris McMullen, McMullen (Insurance Brokers)

“No because of the growing understanding of the more sophisticated investor of the value of independent advice.”

Howard Hawkes, Hawkes & Co

“No. They are not proactive enough. If polarisation is scrapped and we have multi-ties, IFAs can still make a good case for independent advice.”

Mike Herdman, MJH & Co

Yes %50

No %50


Software will help investors with CGT sums

Merrill Lynch Investment Managers is offering a software package aimed at helping investors calculate capital gains tax. The software calculates the tax payable on transactions and produces a full CGT report for the investor. MLIM says fund managers and private clients will no longer have to deal with the regulatory complications of CGT or spend […]

L&G offers four investment houses&#39 funds for stakeholder

In addition to its own funds Legal & General will offer its stakeholder and retail pension customers funds from four investment houses.L&G will offer a range of funds from Deutsche Asset Management Life & Pensions, JP Morgan Life Assurance, Newton Fund Managers and SG Asset Management.L&G head of retail pensions Randle Williams says: “These companies […]

Julian Gibbs

Scottish Widows is issuing a new tranche of its extra income and growth plan with improved protection. The first two plans raised more than £345m and I expect the new plan to be even more successful. It offers an income of 10.25 per cent a year or 33 per cent growth over three years. It […]

Implications of MFR changes

The Chancellor&#39s Response The Chancellor in his Budget has said that the Government intends to take forward all the recommendations made by Paul Myners. This includes the abolition of the Minimum Funding Requirement. Other consequences are: Once the principles for institutional decision making are agreed (following further short consultation) pension funds and in due course […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm