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“It would only work on the assumption that clients are well informed but I don&#39t think they are. Nine times out of 10, even the reasons-why letter goes over their head.” Dennis Taylor, Dennis Taylor Financial Services

“No. The majority of consumers know nothing about mortgages and there are a lot of products on the market. They need guidance.” Frank Wampamba, Frank Wampamba

“Yes. Consumers will always want to make savings so they will be attracted to the rebate.”David Woodward, David James Financial Services

“No. It stinks of buying business. In 20 years, I have never had a client come to me knowing what mortgage they want from which lender. They always ask.” Bob Riach, Riach Independent Financial Advisers

“No. Anyone willing to go direct always will and those who go to an IFA want them to sort it all out and take the responsibility. I&#39m amazed how many people do not know there is a proc fee until it is explained.” Tony Dring, Dring Financial Services

“No. I can&#39t see it being attractive but then I have withdrawn from the mortgage market as I didn&#39t see how you made money from it.” Les Cleator, Ichthus Financial Solutions

“I don&#39t think there would be any appetite. In my experience, people all want to have face-to-face advice.”Joseph Kelly, MPLI First Financial

“People still want to have their hand held through a mortgage. I think they want the advice and don&#39t want to fork out for it but are prepared to if it gets them what they want.”Kevitt de la Pole, Kevitt de la Pole

yes 13%

no 87%


AITC offers discounts until end of tax year

The AITC has announced discounts on 124 of its member investment trusts until the end of the tax year. The deals, which will see discounts on over a third of the trade body&#39s member funds varying in detail from trust to trust. Many fund managers such as Aberdeen, Baillie Gifford and First State are dropping […]

£100k cost as Revenue thwarts early retirer

The legislation behind the Government&#39s Pensions Green paper looks set to claim its first victim, with a 41-year-old man prevented from taking pension benefits at 50 despite having the funding.The Department for Work and Pensions&#39 plans to raise the minimum age for taking retirement benefits from 50 to 55 in 2010 will result in former […]

New Govt agency to clamp down on crime barons

A new Government agency launches this week with the power to confiscate or tax cash and property where the owner cannot prove they were gained by legitimate means.The Assets Recovery Agency gets its powers through the Proceeds of Crime Act that this week also brings in a duty on IFAs to report suspected evidence of […]

Cazalet says with-profits have now become bond funds

Life analyst Ned Cazalet is warning that with-profits funds have effectively become bond funds and that projection rates used in the sale of pensions and with-profits bonds are going to have to come down as a result.He says current projection rates of 6 per cent for with-profits bonds and 7 per cent for pensions should […]


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