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BROKER Talkback

Should the Investors&#39 Compensation Scheme bail out Towry Law ahead of its£75.7m takeover by Australian giant AMP?

“No. I do not think the funds should be used for that.”

Laurie Kosky, Redwood Financial Services

“No. They bought the previous company without knowing the full commitment. It is their problem and they should be fully responsible for it.”

Peter Rolt, Rolt Financial Management

“No. Why sould we the industry have to pay

and not Towry Law&#39s shareholders.”

Jim Clancy, Clancy Financial Services

“No, definitely not because we all have to pay the levy.”

Stuart Hazell, Barrow Hazell & Co

“No. The Towry Law shareholders should be footing more of the bill.”

Lloyd Hammer, Green Financial Planning

“No. They acquired the company in knowledge of its financial situation and they should have to stand by it.”

Ian James, Maudlyn Financial Management

“No. The board of Towry Law should be accountable for their decision. If we did something like that, we would be out of business in five minutes.”

Martyn Hooper, Chancery House

“No. Because if it does pay, it is IFAs like us that pay in the end.”

Peter Jones,Peter Jones & Associates

“No. I think it is setting a precendent that the world is a different place for the big boys than it is for the small boys.”

Howard Horne, Howard Horne Associates

no 100%

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