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“No. I think the process has been less than transparent and people who stayed with them have done worst.” Selwyn Davies, Selwyn Davies IFA

“No. They refused to use IFAs and, quite frankly, we would never have recommended their products anyway. They have not been doing a good job with the mess they have put their policyholders in.”Michael Allen, Diamond Financial Consultants

“No. They have not been very up front about the latest increase in the MVA. I do not think they have done a good job for policyholders as of late at all.” Steven White, Harrison White Financial Services

“No, it is a disaster. I think policyholders should take their money and run as you do not know what other skeletons are in their closets.”Michael Cox, Payne Cox & Co

“No. Anybody who is in Equitable Life has lost more money than they ever should have done and that fact is irredeemable, regardless of who is in charge.”Ruth Whitehead, Ruth Whitehead Associates

“Yes, in that they are doing a better job than the last lot, and that is about all you can say. The new board is grappling with the mess.” Roger Spearing, George Rutt & Co

“They are trying to deal with an almost impossible situation and attempting to balance the needs of all their investors. They are doing their best.” Adrian Johnston, Johnston Financial Services

“They are trying to make the best of a bad situation and are right to be investigating the possibility of suing the auditors.”Richard Green, Richard Green Financial Management

yes 38%

no 62%


FSA bans director over £1m missing from funds

The FSA has banned the sole director of a Sunderland IFA firm from working in the ind-ustry again after up to £1m went missing from funds he held on behalf of clients.The FSA says that over a 10-year period, Richard Vin-cent Matkin, the owner and director of Albion Manage ment Services, of 19 Olive Street, […]

Legal & General – Protected Portfolio IV

Wednesday, April 24, 2002Type: Guaranteed equity bondAim: Growth by investing in 30 stocks from companies in the FTSE200Minimum-maximum investment: £1,000-no maximum, Isa£7,000Term: Five yearsGuarantee: Capital returned in full at end of term regardless ofperformance of underlying investmentsReturn: Capital returned in full along with up to 100 per cent of theaverage growth of the companiesClosing date: […]

New head of business development for Marlborough Stirling Mortgages Services

Marlborough Stirling Mortgage Services is appointing John Auburn as head of business development, responsible for the expansion of the company&#39s client base.Auburn joins SMS after 14 years in business development roles with Alltell Mortgage Solutions and HML. His career in the mortgage industry spans over 20 years and includes spells with the Halifax, Newbury Building […]

Row over Hamilton&#39s Pru bond deal

Hamilton Life and Prudential have come under fire over an agreement in which IFA clients with maturing investment bonds are being offered Pru bonds instead of being referred back to their adviser.IFAs are angry that, as their clients&#39 bonds mature, Hamilton Life is not referring them back to adviser but is writing to bondholders enclosing […]

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Guide: Johnson Fleming produces auto-enrolment checklist

For a job as big as managing the auto-enrolment changes, it’s important to know what has been completed and what still lies in front of you to give you the reassurance that everything is in hand. Getting the planning and project management right at the outset can help you see the path ahead and ensure everyone knows their roles and responsibilities. To help with this, Johnson Fleming has produced a checklist outlining every step that needs to be taken when preparing for auto-enrolment.


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