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“Yes. Sadly, a lot of them have been waiting and will follow now Norwich Union has taken a lead.”

Isabel Sinclair, David F Green & Associates

“Yes. Of course they will.”

Michael Hoare,Hallmark Independent Financial Services

“Yes. Every year, you get the first one to poke their head above the parapet and then they all follow.”

Gill Steele, Lodders

“Yes. Whether it is Norwich Union which does it first or someone else, I do think other life offices will cut their rates as well.”

David Heron Jennings, Newton & Co

“Yes. With the stockmarket situation, it is only sensible. I think they all will.”

William Stewart Paterson, Sole trader

“Yes because it gives other life offices an excuse as they will no longer be the first to do so.”

Vic Thomson, Prestige Financial Services

“Yes. They are all as bad as each other. They are hiding behind September 11 and making a lot of money out of it. They are all immoral, indecent and disgusting.”

Christopher Holden, Complete Financial Solutions

“Absolutely. There are two or three companies that the rest of the market follow and NU is one.”

Salman Kamal, Siddiquim Kamal & Co

“Yes, I hope so. NU is the biggest fund and there are probably smaller firms facing similar problems so it is better they follow suit quickly rather than try to gain a competitive advantage and end up like Equitable Life.”

Gregory McCave, The Ethical Investment Consultancy

Yes 100%


Share strategy

In my last article, I started to look at the process by which an adviser can properly assess and introduce a strategy, within a limited company, for what is commonly known as a director share purchase arrangement.In that article, I suggested that the first stage in such an assessment should be to ascertain the identify […]

Misys angers members with October deadline for getting G60 qualification

Mega-network Misys has outraged some members by forcing them to attain the G60 pension qualification by October if they want to continue advising clients on pension transfers and other retirement options.Misys&#39 new rules covering income drawdown, phased retirement, flexible annuities and transfers from occupational to personal pensions are laid out in a memo to all […]

Highest ever compensation award for breach of mortgage code

An intermediary is being ordered by the Mortgage Code Compliance Board to pay compensation of £66,300 to a client, the biggest ever pay-out to date for a breach of the mortgage code. The MCCB has not named the broker who the mortgage code arbitration scheme says did not give suitable advice or exercise due care […]

FSA launches consultation on unfair terms

The FSA has today launched a consultation into unfair contract terms, as exclusively revealed by Money Marketing. The regulator is inviting consumers to contact them if they believe they have identified an unfair contract term. As contracts tend to be standardised across the industry, the FSA believes any action against an unfair contract term has […]

Where next for the price of oil?

Having stabilised at around $65 a barrel, many investors are questioning if the price of oil will rise, and when. Richard Hulf provides his view. Richard Hulf, manager of the Artemis Global Energy Fund, sets out his thoughts about how the oil price may move through the next six months. At the start of the […]


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