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IFA response to Standard results

Master Adviser managing director Doug Brodie says: “I thought the figures looked good bearing in mind the reduction in sales. I would hope that they are now going to focus on profits and not distribution.”
Brodie welcomes the changes in reporting standards that will mean he will be able to compare the providers alongside each other but says: “It is slightly disturbing to see the group slash its stake in equities in the with profits fund and one wonders if it is a case of closing the stable door after the horse has bolted.”

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