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“Yes. They are being too hard on IFAs about this. Besides, you used to be able to do that in the past.”

Arthur Temlett, Abacus Insurance Consultants

“Yes. IFAs should have the option. It is a very large amount and the FSA is not being very helpful to the sector.”

Bob Espie, Bob Espie & Co Financial Services

“Yes, this would be reasonable, given the larger increases IFAs have seen this year.”

Peter Taylor, Financial Life Planning

“No but I think the industry should stand up and say they will not pay it and then it could come out of insurance companies&#39 orphan assets.”

Martin Weller, Martin H Weller Insurance & Mortgage Broker

“No. We are supposed to be able to meet financial calls on our business. If we can&#39t plan the finances of our businesses, then can we really advise the public of theirs?”

Beric Webb,Beric Webb Associates

“Yes, I would have thought that would be a good idea. But everybody knew the fees were due and should know they need to budget for them.”

Richard Loughton, Loughton IFA

“Yes I think instalments should be permitted. If we had been given sufficient warning, we would be able to budget but this is just cash on demand.”

Gordon Lynes, Gordon Lynes IFA

“Yes. To be honest, it seems only fair that IFAs should be able to pay the levy over 10 months.”

Lee Martin, Martin Financial Management

Yes 75%

No 25%


Creation or extinction

Why did Millfield merge with Inter-Alliance? Simple. Those who are not creating the future are protecting the past. Companies that do not evolve are signing up for extinction. Stability is bad news for all companies – especially young, dynamic companies such as ours. On the other hand, change gives people the opportunity to advance far […]

SP Mortgage Administration adds GMAC to its lender panel

SP Mortgage Administration, the mortgage packaging business, has added GMAC to its existing lender panel which already includes SPML, Platform Home Loans, Amber Home Loans, Bristol & West and BMS. SP Mortgage Administration operations director Nigel Woodhouse says: “We are delighted to add GMAC to our lender panel, offering brokers an even wider range of […]

FSA says 40% now have PI covering IMD

The FSA says 40 per cent of intermediaries now have professional indemnity cover which is compliant with the requirements of the insurance mediation directive. Katharine Lynch, a member of the retail intermediary sector team at the FSA, says: “Things are getting slightly better for IFAs on PI but the market has not improved dramatically and […]

First IFA qualifies for profit scheme

A Sussex IFA has pipped other Positive Solutions members to be first to gain shares in the national IFA&#39s £28m incentive scheme. Within seven weeks of the Prophitshare scheme&#39s launch, adviser Patrick Stuart has already hit the £50,000 qualifying turnover threshold. The incentive scheme, financed by parent company Aegon, could see advisers share in a […]

Martin Foden discusses how convenience is affecting the construction of fixed income portfolios

In this short video, Martin Foden, head of credit research at Royal London Asset Management, discusses how convenience is affecting the construction of fixed income portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not […]


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