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“Yes. The form of regulation we have in general is ridiculous and if it is the same for mortgages it will be a nightmare.”

Alan Tonks,Alan Tonks & Associates

“Yes. The man who said it, Skipton Building Society chief executive John Goodfellow, should know what he is talking about and I respect his opinion. We are over-regulating.”

Alan Shepherd, Shepherd Financial Services

“No. I do not think that more regulation is a bad thing and I do not think that we will notice much of a change.”

Andrew Fraser,The Financial Advice Centre

“Yes. The MCCB has done a more than adequate job and my experience of the FSA is that it is overly bureaucratic and top-heavy.”

David Gedye,David Gedye Financial Services

“Yes. I feel that it works as it is under the MCCB and is effective therefore I think it should remain unchanged.”

Peter Lelyveld,Cedar Financial Management

“Yes. I am happy that the FSA want to regulate this area. It is not going to be cheap but I think that it is a good thing and adds to the professionalism of the market.”

Robin Davis,The Hammond Consultancy

“No. I think it is preferable that it is regulated to safeguard consumers.”

Christopher Wheatley, Select Financial Services

“Yes. From a cost point of view it is definitely unnecessary. For many advisers the cost will be too much for the volume of business they do.”

Stephen Hammond,Torc Financial Services

Yes 75%

No 25%


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Head of fund groups summoned to FSA meeting

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