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“No. They are not fully independent. There should be some other term somewhere between tied and independent.”

Nick Wilson,Wilson Financial Services.

“No. How can they be independent? The name should only be use by IFAs.”

Graham Poole,Poole Financial Planning

“No. I wouldn&#39t like to think that someone who in the past has made their living from general insurance can style his or herself as an independent financial adviser.”

Alan Flint,Alan Flint Insurance & Investment Consultant

“No. Because they are not accessing the whole range of products. They give only one solution to a problem.”

Andrew Hill,Andrew Hill Financial Services

“No, if advisers are not working across the whole range, then they are not independent.”

Pete Murphy,Park Lane Associates

“No, unless they are able to give advice on any company. Someone is only independent if they can go to any company.”

Wesley Fox,East Hertfordshire Financial Services

“No they should not. I think it jeopardises those of us who are truly independent. You have got to be able to give a broad spread of information. It brings into question everything that we have been working for over the years.”

Gordon Hughes,QED Financial

“No they shouldn&#39t. They are not independent if they don&#39t represent the whole of the market.”

Raymond Speight, Wilfred Leach & Co

Yes 0%

No 100%


Axa says single-tie firms will not die out

Single-tie operations will not die out with the onset of depolarisation, according to Axa Life head of distribution (building societies) Steve Jenkins. Jenkins predicts that open architecture products will evolve, providing an element of choice to consumers but through the economies of a tied wrapper so the tied sector will not be as vulnerable as […]

NU Healthcare launches employee assistance programme

Norwich Union has launched an employee assistance programme for all new and existing corporate private medical insurance policyholders. The EAP is set to be launched on July 1 and is available for employers with fifty or more members. The programme offers advice for employees on areas such as legal issues, emotional issues and tax and […]

Occupational hazards

Terence O&#39Halloran&#39s hard-hitting letter in Money Marketing requires a robust response. I fully agree with him that the misselling of occupational final-salary schemes was worse than endowments or split-capital trusts. With the latter, investors may have been told that the products were low-risk but with employer pensions, the members were told that the schemes were […]

Three-tier charges for NU and Millfield wrap

Millfield and Norwich Union&#39s Lifetime wrap platform is set for an autumn launch, offering a choice of 400 funds from across 40 fund managers. Lifetime will have a three-tier charge structure with a 0.5 to 0.9 per cent management charge plus an advice charge set by the adviser as well as the fund managers&#39 annual […]


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