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“No, there are other factors to take into account when choosing with-profits bonds.” Susan Brassey, Susan Brassey Independent Financial Consultant

“I would consider it more but I have a feeling with-profits will take a year or so to get back to normal.” Edwin Kelly, Edwin Kelly & Co

“A guarantee has got to be comforting but I am happy with withprofits bonds anyway.” Richard Mountain, Richard J Mountain Financial Planning & Investment Services

“I think this kind of move will reassure investors.” Michael Burke, Michael J Burke Financial Services

“Yes, provided there are no hidden early exit penalties.” Susan Yorkas, DGH Independent Financial Advisers

“Probably about the same. There are other companies out there who are just as good.” Andrew MacKenzie, Andrew MacKenzie Investments

“Yes but I am old-fashioned and still think there is a place for with-profits. However, it still may not be as good as it sounds because they still may impose an MVR.

” Chris Moxon, CW Moxon & Co “Not sure. That kind of plan has seen a lot of bad press and is very unpopular in the marketplace. Obviously, this is a step in the right direction but I still do not think it is enough.” – Ivor Evans, I Evans Financial Advisers

Yes – 63%

No – 25%

Maybe – 12%


Eagle has reduced client expectations

I feel bound to write to you with regard to Eagle Star and the application of the market value reduction on clients&#39 with-profits bonds. Under with-profits plans, regular withdrawals can be set up at up to 5 per cent, with no tax implications for 20 years. Many clients over the years have adopted this route, […]

McFall has wrong perception of endowments

In the recent news item about the Treasury select committee, John McFall huffs and puffs about endowment policies (Money Marketing, February 5). He seems to link the shortfall on endowment performance with sales commission paid. His ignorance of fundamentals is amazing. However, he is a career politician, not an insurance and investment industry specialist, and […]

ABI welcomes international accounting standards

The ABI has welcomed the introduction of a new international accounting standard for share-based remuneration announced by the International Accounting Standards Board. ABI head of investment affairs Peter Montagnon says: “Share-based remuneration is not a free lunch. It involves substantial cost, and investors firmly believe that it should be charged to profits. We congratulate Sir […]

Bankhall claims direct regulation only way to gain true independence

Bankhall has hit out at mortgage networks, saying that they limit consumer choice and should not be seen as a long-term solution by brokers. The firm believes that direct authorisation is preferable to appointed representative status in the long term. It says the only way to achieve true independence, which is in the best interests […]


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