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Members not fearful for independence under Skandia Bankhall deal

Bankhall members say their independence will not be compromised by Skandia’s takeover of their network.

But some members say they may be less likely to recommend Skandia products as a result of the deal to avoid any accusations of bias.

One Bankhall member says: "Whoever owns us should not compromise our independence and should not make any difference to us. But I am worried about the perception the public would have about an IFA being owned by a life company. I will have to be very open with my clients and I may end up recommending less Skandia products than before."

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