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Talkback

“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%

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