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Soul traders

I write with reference to Broker Talkback in the Money Marketing issue of August and I must say I am astonished that 38 per cent of so-called financial advisers consider selling their firm to a life office and 12 per cent are unsure.

It is not possible to be a financial adviser and not independent. You may be a salesman but 90 per cent of the time a financial adviser is not selling anything but is advising.

This particularly includes existing policies and arrangements. In a multi-tie situation, the vast majority of these are going to be excluded and the client then has to go elsewhere or be churned.

It is sad that a lot of people in this industry are prepared to sell their souls instead of supporting their own profession.

BGW Jamieson


Jamieson Financial Management,Bognor Regis,West Sussex


The Exchange – Easi Protect Plus Plan

Monday, 20 August 2001.Type: ASU mortgage protection plan.Maximum benefit: Options one & two £2,000, option three £1,000.Benefit payment plan: 12 months.Deferred period: 30 days.Premium: Option one – single premium accident, sickness and unemployment cover £5.50 per £100 monthly benefit, option two – monthly premium accident, sickness and unemployment cover £5.95 per £100 monthly benefit, option […]

Premier Asset Management – C-Lect Cautious Portfolio

Type: Oeic. Aim: Growth by investing in zero-dividend preference shares. Minimum investment: £1,000. Investment split: 100 per cent in zero-dividend preference shares. Isa link: Yes. Pep transfers: Yes. Charges: Initial 5 per cent, annual 1.25 per cent. Commission: Initial 3 per cent, renewal 0.5 per cent. Tel: 01483 306090. Suitability to market 7.3 Investment strategy […]

The Daley Update

Dresdner RCM Global Investors has appointed Lucy Macdonald as its new head of global equities. She joins from Baring Asset Management, where she was head of global media and telecoms. She had been with the firm for 16 years. In her new position, which she will take up on October 22, she will report to […]

Government needs to trust advisers in a partnership

To Ron SandlerI have just read the open letter to you from a group of IFAs and felt it would be appropriate to express an opinion that I have yet to see expressed elsewhere. They say you are questioning whether there are alternative methods of remuneration for IFAs and comment on the suggested cap on […]

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Thinking of expanding overseas?

Whether you’re a small company or an established larger employer, expanding overseas into emerging markets can be an extremely attractive prospect for growing your business. However, with this comes a duty-of-care requirement to any staff based overseas.


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