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“Yes. I don&#39t think consu-mers will know which way to turn. They will be completely confused.”

Paul Walters, Foley Financial Services

“Yes. In its current form, the FSA would fail its duties.”

Oscar Adams,IFA Plus

“Yes, it will take out a lot of people who want to receive independent financial advice but do not want to pay fees and as a result it will reduce the number of IFAs offering advice.”

Graham Chinn, Wrightsure Services

“Yes, because it will be a U-turn of their original idea to make independent advice available to all consumers.”

Martin Sell,MR Sell Financial Services

“Yes. It is just further confusing an already confused public.”

James Kaslik, JK Associates

“Yes. The rules as drawn will cut down the number of choices consumers have.”

Michael Homard, Olde England Financial Services

“Yes. Consumer choice will be reduced if CP121 is adopted.”

Chris Crowhurst, Ovalmere Financial Services

“Yes. The legislation serves to confuse the consumer further.”

Martin Pankhurst, Pearce Pankhurst Financial Services

“Yes. A move to authorised advisers or multi-tie would confuse the consu-mer who would not be clear about what indepen-dent means. Multi-ties would restrict consumer access to what they need – independent advice.”

Jim Bergman,JB Financial Services

yes 100%


£1.5m loss for the Tep Exchange

Specialist mortgage lender igroup has appointed Andrew Moore as quality leader, Simon Deane-Johns as legal and compliance director and Paul Askew as risk director. Moore was previously integration director responsible for bringing igroup smoothly into GE Capital after its acquisition. Dean-Johns joins from Earthport plc were he was an executive director. Askew was senior portfolio […]

BFS set to suspend dividends on trust

The board of BFS income & growth trust is proposing terminating dividends for the remaining life of the company in a bid to meet zero shareholders&#39 capital entitlement.In a move which could spell the end of its investment company status, the trust&#39s board is “seriously considering” suspending dividends until the company winds up in August […]

Cazalet Looking to adapt ratings for IFAs

Life office analyst Ned Cazalet is in discussions with Aifa to make a simplified version of his influential financial strength ratings available to IFAs.Cazalet Financial Consulting produces an annual analysis of the life industry but the cost is seen as prohibitive for many IFAs.As well as acting as a consultant to leading financial services firms, […]

Winterthur fears being shut out of Treasury annuity consultation

Winterthur Life is worried that the Government is shutting out the rest of the retirement market from its annuity consultation in favour of existing annuity providers.The drawdown specialist is concerned that the Government has already made decisions on the outcome of the consultation and is not listening to a broad enough representation of the industry.Treasury […]


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