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Shaky grasp of reality

According to Jeremy Newbegin (Money Marketing, April 11), “an IFA can still continue to offer financial advice to the poor – they just do not charge these clients as much, off-setting commission against the smaller fee”.

Not if CP121 is implemented in its current form they don&#39t.

If Mr Newbegin worked in an area of real social deprivation rather than the cloud cuckoo land of so-called “ethical” investment, he might grasp how arrogant and out of touch his remarks are.

Philip Thomas

St Helens

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