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Broker Talkback

Do you believe, like Sesame, that the Government is trying to take control of advice from the private sector and effectively nationalise advice?

Yes 75%
No 25%

Yes “But I would say it is quite difficult to gauge what the Government is trying to do.”
David Marshallsay, DM Associates

No “I am not sure how they could do it but I think the Government should keep well away from advice as they have messed up enough with pensions and you have MPs making decisions who are not on the front line.”
John Dunn, John Dunn Independent Financial Advice

Yes “The Government is running around like a headless chicken bereft of intelligent ideas and blaming financial advisers for the pension crisis. I don’t think this is a deliberate ploy but it is a result of what they are doing.”
Simon Webster, Facts and Figures Financial Planning

Yes “The Government is making it harder and harder for advisers to do their job and seems to be undermining them.”
Malcolm Lindley, Baxter & Lindley Financial Services

Yes “I think the Government is involved in populist action against advisers, appearing to look as if sit is lowering the costs of advice superficially without addressing the real problems.”
Richard Patey, Best to Invest Independent Financial Advice.

Yes “My feeling is the Government does not know what it is doing about advice. They appear to believe ‘cheap is good’ is always best but things are more complicated than that.”
Chris Greenhill, Greenhill Financial Services.

No “I would have thought not, because of the implications that would have on Government responsibility. I cannot see there would be any advantage for them in doing this.”
Trevor Young, Egan & Co Financial Services

Yes “I think it has been heading that way for some time. We have had one extra burden after another.”
Harry Fletcher, Retirement Options

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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