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“No. I think it will but drawdown has been one of the most heavily regulated areas and there really isn&#39t any need.”

Paul Fox, Layton Blackham Group

“Yes. Many people who have got drawdown have not always been made aware of the risks involved.”

Will Palmer,Atkinson Smith

“No. Because most smaller IFAs, if they do not have G60, pass the business on to specialist qualified IFAs.”

Michael Rooney, Financial Solutions 2000

“No. Because advisers are doing income draw-down in accordance with established rules. I do not think there should be a blanket review.”

Stuart Hope, Stuart Hope & Co

“No. If you work for a network the amount of checking that is done anyway means it is safe enough. A further review is a waste.”

Gerald Cooper, Cooper Financial Services

“No.Why would they need one?”

Paul Needham, Excalibur Financial Management

“Yes, I think they should conduct a review and those advisers who have advised their clients properly have nothing to fear. I think it is more of a case of the market falling down than anything else.”

Harish Mistry, H B Mistry & Co

“Yes, I think it could be a problem area and it would be a good idea to set guidelines now.”

Brian Pack, Brian Pack Financial Services

yes 37.5%

no 62.5%


April Isa sales top £1bn in huge last-gasp rush

A massive last-minute wave of cash took Isa investment over £1bn in April.IMA figures show that the end of tax year rush boosted net sales to around £1.15bn – the highest level for 12 months – from £839m in March but failed to match the £1.39bn fig- ure for April 2001.Around half of last mon-th&#39s […]

Plain speaking?

I found it hard to follow the logic behind the comments in the letter from Martin Cutts of the Plain Language Commission (Money Marketing,May 16) talking about the FSA website.Surely a website uses plain language or it does not. Why pick out bits of it, then hide the rest in “small print”?Add to the problem […]

Cazenove makes inroads into IFA market

Cazenove Investment Fund Management is making inroads into the IFA market with the Cazenove universal investment bond, established in conjunction with AIG Life.This unit-linked bond enables Cazenove to extend their business from institutional investors and private clients into the retail market through IFAs. It provides access to four Cazenove multi-manager funds — Cazenove universal UK […]

Equitable Life accuses IFAs of urging policyholders to quit

Equitable Life has attacked IFAs and the media for adding to its woes by encouraging policyholders to leave the troubled life office in droves.Speaking at Equitable&#39s annual general meeting in London this week, chief finance and investment officer Charles Bellringer said the interests of financial advisers do not tally with those of the society. He […]

Mothers missing out on millions

By Steve Webb, director of policy and external communications The ninth Royal London Policy Paper discusses how thousands of mothers are missing out on state pension rights when they don’t have to Earlier this month we published the ninth Royal London Policy Paper, entitled ‘Mothers Missing out on Millions’. It focuses on the thousands of mothers […]


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