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Do you think joining a network puts an IFA’s own business at risk?

“Yes. Networks are far too expensive for what they
actually offer.”
Diane Linton, Completely Independent

“To a degree, yes. You are losing control over your business so that is a risk.”
Peter G Bodington, Peter G Bodington & Associates

“No. When networks have failed, things seem to have been resolved quickly. IFAs should be able to tolerate a short time out of business.”
Paul Duckworth, Paul Duckworth IFA

“Yes. People have a fear of dealing directly with the FSA
but I’ve found them easier to deal with and less
prescriptive than a network”
John Butters, John Butters IFA

“No. The smaller IFAs wouldn’t be able to operate effectively without networks. IFAs need to be careful about what network they join. A network’s financial strength is very important.”
Jason King, Life Policies Direct

“No. I think that being part of a network is suitable for smaller IFAs, and the benefits of membership far outweigh any concerns.”
Godfrey Valentine, Valentine & Co

“Yes. It’s better to be on your own if you can afford to be. If you do join a network, you need to make sure that it’s financially sound.”
Anthony Trueman, Anthony Trueman& Co

“No. If you are concerned about losing a few months’ commission you shouldn’t really be in the business.”
Michael Royde,Michael Royde IFA

Yes 50%
No 50%


Value for money – Tony Wickenden

Last week, I looked at dep-olarisation and the opportunity for advisers to reconsider their business model. I ended by pointing out that it is important to bear in mind that if an adviser is to implement financial transactions and wants to choose from products across the whole market, then a fee-based option must be offered.

Standard Life is biting the hand that feeds it

Much has been recently written about the incentives for pension distribution and that the 1 per cent world, let alone that the 1.5 per cent world, is not really enough to make it worthwhile both for providers and intermediaries.A recent direct experience may help to highlight this particular problem.A self-employed husband and self-employed wife of […]


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