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Talkback

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%

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