View more on these topics

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%


Julian Gibbs

Most leading fund managers, according to several recent surveys, expect the Japanese stockmarket to end the year higher. For the first time in many years, I think they are right.The time to buy into a market is when it is near a low. The Japanese market is more than 67 per cent off its high […]

Warning of low life expectancy for the industry

The financial services industry faces challenges on many fronts. Stakeholder is unlikely to return a profit for the majority of providers, the financial strength of life offices is being squeezed and consumers are rejecting equities for deposit-based accounts.This gloomy picture is painted in Cazalet Financial Consulting&#39s Life 2001 study of the industry. Influential and outspoken […]

HSBC Bank International – World Growth Fund

Monday, 2 July 2001.Type: Ucits.Aim: Growth linked to the FTSE 100, S&P 500, Nikkei 225 and Dow Jones EURO STOXX 50 indices.Minimum investment: £5,000 or $5,000.Place of registration: Dublin.Investment split: FTSE 100 25 per cent, S&P 500 25 per cent, Nikkei 225 25 per cent, Dow Jones EURO STOXX 50 25 per cent.Isa link: No.Charges: […]

Lifestyle bond offer from R&SA

Royal & SunAlliance is offering an extra 1 per cent allocation to all new customers investing in its lifestyle bond until this October.The life office is making the offer to mark the 5th anniversary of the bond. With profits is one of twenty fund options Royal & SunAlliance currently offers.The extra allocation means clients can […]


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