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“No I don&#39t think it will work. A captive fund will just end up attracting all the firms that failed to get cover initially and the whole thing is going to be a very expensive process.”

Neil Sims, Beckett

“Yes, there is no reason why not. I hope it can significantly alleviate the problem but in practice it has to be a commercially viable proposition.”

Malcolm Mitchell, Plan Invest

“No, it won&#39t work as a solution. There has to be a more competitive market for it to work, with more players involved.”

Julian Ellis, Arctic Life and Pensions Financial Services

“No because the capital and the level of risk is not going to go away.”

Gillian Cardy, Professional Partnerships

“Yes I think it could work but I have big doubts. Everything will still have to be underwritten. While the theory is good, it has been tried before with a mutual and look what happened to those schemes.”

Chris Howell, Seaway Insurance Consultants

“Yes, something has got to change and we have to hope that this might do the trick.”

Nick Taylor, SB Tyler Clark

“Yes, there has to be a change somewhere. It is a complicated idea but let&#39s just hope this works.”

Gareth Marr, Advisory & Brokerage

“Yes. It has got to be worth a try because, at the moment, those without PI simply have nowhere else to go.”

Keith Webb, Towry Law

yes 63%

no 37%


Ex-bank and society staff &#39will be new generation of advisers&#39

The next generation of IFAs will be former high-street bank and building society employees who decide to become independent, according to a panel of leading advisers and product providers.Speaking at the Top 100 Summit, members of the panel of IFAs and providers said the Sandler suite of products, if adopted by high-street providers en masse, […]

GMAC appoints new chief executive

Mortgage lender GMAC-RFC has appointed Robert Appel as chief executive officer to replace Colin Duggleby who has stepped down as a result of a serious illness. Appel joined GMAC-RFC in 1999 as managing director. The lender has also appointed Barry Searle to the newly created position of commercial director, David House as product development manager […]

Door is opened to annuities, then slammed shut

The door has been opened by the Treasury to extending the Sandler suite of simple products by up to six products, although it has at the same time ruled out half of them as being unsuitable.It is forming a panel of providers, consumer groups, trade bodies, regulators and Government officials which will meet to sort […]

Chase de Vere chief Kennedy leaves in shake-up

Chase de Vere chairman Ian Kennedy, who is also chief operating officer of owner Bank of Ireland UK Financial Services, is leaving the group in a management shake-up.As part of the restructuring, Roy Keenan is being brought over from Dublin, giving up his role as group chief development officer, to become BoI UK Financial Services […]

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Thinking of expanding overseas?

Whether you’re a small company or an established larger employer, expanding overseas into emerging markets can be an extremely attractive prospect for growing your business. However, with this comes a duty-of-care requirement to any staff based overseas.


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