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Talkback

“Yes. The one per cent regime will enable banks to work out ways to sell

that are more cost-effective than traditional methods.”

Kim Barrett, KS Barrett & Associates

“Quite possibly. The bancassurers will project themselves as the boys to

be with, offering the whole market, when in fact they won&#39t be.”

Richard Millen, Wealden (South) IFA

“No. IFAs will have to adapt to the changing market”

Simon Funnell, Quest Financial Services

“Yes. They have a captive audience. Bancassurers are our biggest

competition anyway and this would give them more flexibility.”

Garry Spencer, Wilbury Financial Management

“No. The clients of banks appreciate the benefits of independent advice as

opposed to the mish-mash alternative situation.”

Graham Hislop, CMB Financial Services

“No not really. In the market we go for, which is the top end, I don&#39t

think the banks are able to compete.”

David Bowler, FPC Financial Services

“Yes, of course. You&#39ll get people selling their own products, whilst

purporting to give an overview of the whole market.”

David Lane, Lane Financial Management

“No. They have no advantage over IFAs if the numbers stay as they are.”

Mark Horsey, Professions & Partnerships

yes 50%

no 50%

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