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“Definitely, yes, to make sure people are giving genuine reasons for a transfer and are not taking full commission when a transfer is taking place.”

Jeremy Newbegin, The Ethical Partnership

“I don&#39t know. I don&#39t see any reason why they should do.”

Alan Shackcloth,AG Shackcloth & Co

“If, at the end of the day, it will help everyone, then I would welcome it. But I cannot see the grounds to do so. The transfer commission levels were sorted out and have not needed changing before the FSA came into the picture.”

Anthony Somefun, Anthony Somefun Financial Services

“I don&#39t think so. As this is the FPC guideline, why is the FSA now challenging it? Is it because the pension and FSAVC reviews are drawing to a close and it is looking for something to do?”

Andre McRobie, Paragon Financial Consultants

“Yes. There is a procedure of giving all relevant facts when a transfer is being conducted. It is too easy for an intermediary to pick up on poor performance and just recommend a transfer to a fund that is currently doing well without any guarantees that it will perform better.”

Simon Lambert, Orchard Independent

“I would have thought the FSA could find better things to do with its time. They would do better looking at all the inapp-ropriate endowments sold by the banks and building societies.”

Paul Rodker, Albemarle, Kent

yes 43%

no 29%

don&#39t know 28%

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