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Broker

Yes “I think they should. It does seem strange that these people can be giving advice to clients without being regulated.”

Paul Scott, Scott Financial ConsultantsYes “They do not do a proper job and they charge extortion- ate fees which come out of the client’s compensation.”

Alan Goffin, Alan Goffin Independent Financial ManagementYes “If they are not regulated, there could be a lot of daft claims.”

Edwin Kelly, Edwin Kelly & CoYes “It seems hard to believe people like myself are regulated, yet people chasing the claims are not. It should be monitored as they are ripping off people with fees of 25-30 per cent and people need to appreciate what they are getting themselves into.”

George McIntosh, George McIntosh Financial PlanningYes “They definitely should not get away with doing what they do.”

Kay Tomlinson, Acreswood FinancialYes “They need to be regulated as they are bringing a bad name to the industry.”

Fraser Colquhoun, Fraser Colquhoun IFAYes “They are appalling. The reality is that a lot of accused endowment misselling is nothing of the sort. This indus- try has sprung out of a web of misconceptions and the implications for those being accused is phenomenal.”

Martin Pagett, Lynbrook Financial ManagementYes “While they are not technically giving advice, I would be surprised if there was not some type of fringe advice being given. Everyone else is being regulated, so why shouldn’t they be?”

Susan Lewis, ProsperityYes “They have not got a clue what they are doing and are money-chasers. You only have to look at the press stories to understand what is going on. I have a friend in the industry who rang one of these people posing as an endowment policyholder but they said he had not been missold to but to make a claim anyway.”

Gordon Peter, Medical & Executive

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