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“Yes. But thank goodness these are only proposals. There are some very sensible proposals but the terminology needs a sanity check. It doesn&#39t seem workable that tied agents who may give very good advice can&#39t be called advisers. I like the idea of remaining independent and want to be called an adviser so in theory Nightingale will remain independent and offer that service to its clients.”

Michael Lockyer Nightingale Associates

“It is difficult to comment on what at this stage are still only proposals. However, as a commission operating organisation, we won&#39t change one iota.”

Colin Jackson Baronworth (Investment Services)

“Yes. Sandler has been a bit more relaxed than the FSA CP121 on the issue.”

John Burnard New Life Financial Planning

“No. The changes will make it easier but we were always intending to stay independent anyway.”

Keith Simmonds, Simmonds Ford

“No. Being independent does not really matter to me. We&#39ll probably end up becoming an authorised financial adviser.”

Peter Watson,Watson Financial Management

“Yes. I have every intention of staying an IFA come hell or high water.”

Rosemary Heaversedge, Shropshire Independent Financial & Mortgage Services

“Yes. But I was always going to stay IFA anyway.”

Lawrence Hayward, Moody Brook Financial Services


Ron to the rescue?

Unlikely as it seems, Ron Sandler may yet turn out to be IFAs&#39 knight in shining armour – or at least their knight in tarnished armour as a result of his recommendations to the Treasury published last week.He appears to be advocating a remuneration system, which has been welcomed by many within the IFA community […]

Customer neglect

I read with interest D Budge&#39s open letter to Legal & General last week. He has hit the nail on the head although sadly the situation is by no means confined to Legal & General.Most of the large insurers are only too happy to put vast resources into new business generation but neglect the customers […]

Look at World Leaders with Norwich Union

Norwich Union – World Leaders Fund Type: Oeic Aim: Growth by investing in global equities Minimum investment: Lump sum £1,000, monthly £50, Isa lump sum £500, monthly £50 Investment split: US 40%, UK 20%, Europe 30%, Japan 7%, other 3% Isa link: Yes Pep transfers: Yes Charges: Initial 5.25%, annual 1.5% Commission: Initial 3%, renewal […]

Enterprise Investment Schemes – Transad International

Monday, 15 July 2002 Aim: Growth by investing in Transad International Minimum investment: £1,200 Opening/closing dates: June 27, 2002/August 8, 2002 Charges: Implicit Commission: Initial 4% Tel: 020 8681 1919


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