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“Yes. This does not affect us. We will make our own decisions on with-profits investments and see no reason to stop using them with our clients.”

Trevor Rider, FMS South Park

“Yes. There is definitely still a place in the market for these types of investments. There is no problem if customers are explained the details.”

Chris Nokes, Independents

“Yes. Hargreaves Lansdown is not the source of the service that we are providing.”

Keith Hepburn, Aims Financial

“Yes. There is, without question, a place in the market for with-profits investments, particularly from those companies with transparent products. There is still a strong demand for with-profits investments.”

Jamie Johnson, Martin Hale

“No. I do not recommend them anyway and I have not changed my view in the light of Hargreaves Lansdown&#39s decision to put with-profits on hold.”

Malcolm Hyland, Oak Financial Services

“Yes. Unless there is a major issue that gives us cause not to recommend them. In which case, I would have to read up further about it.”

Peter Molvey, Gemini

“Yes. However, they should only be recommended at the client&#39s insistence. I do believe that they should be sold but with more care than previously.”

David Fletcher, Peter Shrubb Associates

“Yes. With-profits are an important part of investments and make up 25 per cent of the total portfolio.”

Nigel Welch, TS Mackenzie

No 13%

Yes 87%


Level playing field on tax could resurrect IPA

Sandler is recommending a simplification to the tax regime to create a new level playing field between pensions, unit trusts and investment trusts which could see a resurrection of the Individual Pension Account.According to Sandler, IPA rules should be changed to allow non-life companies to compete in the pensions market. The report says the current […]

Jupiter says no to Duffield offer of £50m over highest bid

New Star chairman John Duffield has had an audacious bid for Jupiter Asset Management rejected des-pite pledging to pay at least £50m more than the highest bidder.After months of speculation about a possible move, Duffield wrote to investment bank Goldman Sachs, which is advising Jupiter&#39s parent Commerzbank, with an offer he said would exceed by […]

Simplified products set to hit the market

A raft of simplified products designed to be sold without advice, pensions from investment firms and cleaned-up with-profits could hit the shelves following publication of the Sandler report.Sandler&#39s three-piece “stakeholder suite” would consist of a mutual or unit-linked fund, a pension and a cleaned-up ringfenced with-profits product. These products would have an initial price cap […]

Outside Edge: Michael Owen

The last thing markets needed when they were already reeling from the Enron disaster was WorldCom and there may be more creative accounting scandals in the pipeline. What does it mean for the investing public and professionals alike and can we learn any lessons?Well, Andersen&#39s reputation is in tatters and the auditing process in general […]


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