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“Certainly. Transparency is a big issue for with-profits. I can&#39t see any potential disadvantage for consu-mers in being honest as long as it does not frighten people and I do not think that is the intention.”

Amy Stockdale, Campbell Insurance Services

“Yes. I think it is important to make everyone aware of the situation. People need to know what is happening in the marketplace.”

Colin Kent, Capitas

“No. They need to comm-unicate the information to policyholders but that does not necessarily mean informing the general public.”

Keith Jarman, Hughes Carne IFA

“Yes, on the grounds of clarity, transparency and the fact that it cannot do any harm to the credibility of the industry.”

Howard Horne,Howard Horne Associates

“Yes, because it is an open and honest policy.”

Lee Charles, Mathews Smith Financial Consultants

“Yes. The public are made aware of so many things, why not complete it across the board? It will give the public more realistic expectations if they possess all the information.”

Lynda Pike, Oakwood Financial Services

“Yes. It is all in aid of greater transparency. Publishing bonus rates will aid consumer confidence in with-profits.”

Peter Chesworth,Ethikos Independent Financial Advisers

“Yes. I don&#39t think it does any damage. They should all announce any cuts to bonuses.”

Graham Bacon GB Financial Management

yes 88%

no 12%


Framlington discount deal as stars join funds

Star fund managers George Luckraft and Nigel Thomas join Framlington this week with their new employer offering discounted Pep and Isa transfers into their funds.The managers were given permission in July by former employer ABN Amro to join Framlington months before their contracts expired.Thomas will run the UK select opportunities fund – previously the capital […]

At last the FSA puts its finger in the PI

The professional indemnity problems faced by IFAs have been getting worse but there could be help on the way from the FSA.IFAs are looking at massive premium hikes. One IFA says in the last six months, seven out of 10 IFAs he knows have left the industry because they could not get PI insurance or […]

Yorkshire arm to deal with non-member lending

Yorkshire Building Society is setting up a subsidiary intermediary business next year, along the lines of Britannia&#39s Verso division, to handle its non-member mortgage lending.The society says its team of 30 intermediary account managers, who will move to the as yet unnamed subsidiary, have identified a gap in the society&#39s product range which concentrates on […]

Closing bonus as online bank becomes a casualty

Zurich Bank, the online service set up by Zurich Financial Services in January, closed to new business last week and will shut down completely in spring 2003.It claims the launch into internet banking in a joint venture with HBoS was “highly successful” but ZFS has decided to focus on its core insurance business after the […]


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