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“No. We would end up paying for other people&#39s mistakes.”

Jill Rickson, Daniel Marshall Associates

“No. You would be back to a Lloyd&#39s-type situation. Any mutual type arrangement would leave you with an open-ended liability.”

Christopher Mason, Mason & Ball Services

“Yes, as long as people have the option to get PI insurance direct.”

Jonathan Kelly, Flemmings Financial Services

“Yes because hopefully our premiums will work out a lot cheaper than they are now.”

Eamon McCourt, McCourt Financial Management

“I don&#39t know. In theory,it is a good idea but I wonder who would underwrite the scheme and whether the premiums would be too high.”

Brian Mitchell, Mitchell Prockter Financial Services

“Yes there should. The problem of PI is not going to go away and we need to get it sorted once and for all.”

David Wilson,Dace Financial Services

“No. It is a good idea in principle but there a lot of IFAs who do not pay much attention to how their run their businesses, so I have doubts as to whether it would work.”

Mukesh Chhatralia, M&P Insurance Consultants

“No, I don&#39t think it would work. I personally would not want to get involved in something like that.”

Andrew Dutton, Penton Corporate Services

No 50%

Yes 30%


know 20%



Are laundry rules a waste of time?

Not only are different companies interpreting the money-laundering rules in different ways but we also have a whole new swathe of paperwork to deal with.No doubt, the extra costs which we have to bear will be amply covered out of the generous 1 per cent annual charges. Not to mention the time cost which will […]

Charging a fee Would have lost us four clients

I refer to Money Marketing&#39s survey in the September 12 edition on whether the public are prepared to pay fees and would like to point out a practical example that I have come across recently.Four new clients were referred to me for financial appraisal from Professional Connections and, without exception, each asked me how much […]

Davies says falling markets are no reason for compensation

FSA chairman Howard Davies has described regulation that compensates people for losses as a result of weak equity markets as madness in a speech given last night in the city.Speaking at the Lord Mayor&#39s City Banquet, Davies also attacked the EU for imposing a “one size fits all approach on European markets” which he said […]

Zurich life

The headline highlighting the Zurich results, Zurich shifts to general insurance (Money Marketing, September 12) is incorrect.Instead, as the article went on to state, Zurich Financial Services has taken steps to refocus its efforts on core business activities – life and general insurance.Our commitment to the life market remains stronger than ever and 2003 holds […]


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