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“Projection rates have caused problems as they have to be based on information that is current and just look at the endowment problems. But I am unsure whether they should be scrapped.”

Stewart Brooke,Brooke Christian & Co

“The FSA should certainly do away with it. Projection rates are incredibly confusing and misleading. The 9 per cent projection rate is wishful thinking.”

David Maclean,D Maclean & Co

“Without knowing what the alternative is, it is hard to comment.”

Colin Fogwill,Fogwill & Jones

“No definitely not, because projection rates are probably one of the most uniform rates that we have left.”

Nicholas Barnard, Barnard Chaplin IFA

“No. Past performance is one of the best guides we have got as to what will happen in the future.”

Martin Gale,Martin Gale IFA.

“Yes. They are totally irrelevant.”

Robert Dewhurst, Leyland Life & Pensions

“I don&#39t know. I think in terms of preventing advisers using Mickey Mouse numbers they are effective but clients just do not read them. The FSA could look at a more effective tool.”

Peter Watson,Watson Financial Management.

“It is a bit of a sting in the tail. They are implying that advisers should put the figures in for projections but there is no way it should be down to individuals to guestimate a projection figure. There is an argument to scrap projections as they are meaningless to most clients.”

Mark Osland,Fidelius

Yes 8%

No 5%

Don&#39t know 37%


Independent view – Harry Katz

Tony Byrne voiced what is probably the view of the majority in his criticism of Europe. I am pleased to have been given the opportunity to put a contrary view. It is not so much that life outside the EU would be that much worse but inside it we have the chance to be so […]

Premier Fund Managers- Premier Diva Growth Plan: Limited Editions 19

Type: Capital-protected fund of hedge funds Aim: Growth linked to the performance of the Barclays Global Investors Diversified Alpha Fund 1 Minimum investment: £25,000 Investment split: 100% linked to the performance of the Barclays Global InvestorsDiversified Alpha Fund 1 Term: Five years Return: Up to 70% growth in the Barclays Global Investors Diversified Alpha Fund […]

HSA tailors super modules for PMI

HSA is offering a private medical insurance package which allows firms to choose from a range of modules to create their own flexible, tailor-made cover for company and employee needs. The personal medical plans are a set of simple and adaptable modules that can be mixed and matched to fit in with an individual&#39s lifestyle […]

Intelligence is accused of panic over free deal

Mortgage Intelligence is offering mortgage intermediaries free membership to its network, prompting claims that it is a panic move. The offer applies until October 31 and applies both to its Spirit solution for appointed representatives and Vantage for directly authorised intermediaries. Mortgage Intelligence believes that intermediaries are delaying making a decision about which network to […]

Oil industry: only the fittest will survive

The actions of OPEC have forced the oil supply to fall and producers to cut costs and rationalise, says Richard Hulf In an interview with journalist Alexis Xydias, Richard Hulf, manager of the Artemis Global Energy Fund, explains the impact of the fall in the oil price on energy companies. Alexis also quizzes Richard on […]


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