Well, as Katz says, accountants and solicitors are not allowed to place business with anyone other than independ-ents which, I think, says it all. I have had a number of complaints against St. James’s Place, usually on the grounds of very expensive products. Someone I have just seen on a very big salary and likely to be extremely fluid in their work movements has just been sold a personal pension with one of the most ridiculous penalties I have ever seen and with the dreaded capital units which I thought went years ago. It is an utterly inappropriate policy for someone who will be moving jobs a lot. I have also recently seen someone who had a bond as a result of a very dynamic seminar, apparently. Unfortunately, the client has now died but I have noticed that no attempt has been made to use any kind of asset alloca-tion and it was just a selection of managed funds. St. James’s may say cust-omers have a lot to choose from but that is not the same as having the market. B G W Jamieson PrincipalJamieson Financial Management, West Sussex.