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“Yes. The costs of both are too high anyway and for most small IFAs it will be another nail in the coffin.”

Geoffrey Hunt, Rickard Hunt & Co

“No. I don&#39t do mortgages or general insurance anyway but this will not change my views.”

Alan Flint, Alan Flint Insurance & Investment Consultant

“No, because most of the mortgages I deal with are half a million-plus so, with the procuration fees, that sort of money does not bother me.”

Martin Richards, Martin Richards Financial Management

“No. Advising on mort-gages is what I do for a living so I would pay.”

Nina Jeffries, The Mortgage People

“Maybe. I would not be happy paying £700 but that would not be the key issue. The additional work involved would be the key.”

Anthony Finch,Options Independent

“No. If it is one&#39s living, there is very little choice. There is very little other business so our destiny is in the hands of those who decide the fees.”

Neil Howard, Neil Howard IFA

“I don&#39t know. It depends on the level of business I do and I would have to weigh up the pros and cons.”

Alexander Grant, Grant & Co

yes 14%

no 57%

don&#39t know 29%


AITC hardship fund raises only £1m of £10m target

The Association of Investment Trust Companies&#39 hardship fund, set up to provide financial support to victims of collapsed split-capital investment trusts, has attracted only a 10th of its target in the six weeks since launch.Director general Daniel Godfrey is seeking to reassure fund groups that donations to the fund are not an admission of culpability […]

Open and shut case

Change is the word perhaps most often applied to the life and pension industry nowadays. For years, everything was the same. Now it is not.New business volumes are, at best, static and the market is oversupplied and the seemingly never-ending equity slide is dramatically affecting economics.With challenges to product design and pricing and the polarisation […]

Correspondent&#39s week

The week promised to be an interesting one as Platform was officially launched as the intermediary lending arm of Britannia Building Society. This week would be the culmination of many months of hard work which had seen a huge influx of new business and a recruitment drive in response. I was one of the new […]

SPML completes £350m securitisation

Southern Pacific Mortgage Limited has completed a securitisation of £350 million of its mortgage assets, consisting of 85 per cent first charge and 15 per cent second charge loans. The securitisation was led by Lehman Brothers and also managed by Barclays Capital and NIB Bank. Of the total loan book, 95 per cent were rated […]


Natixis Global Asset Management’s quarterly Portfolio Barometer offers insights into UK financial advisers’ model portfolios and the allocation decisions they are making. Natixis’s Portfolio Research & Consulting Group works with financial advisers and other intermediaries to analyse and enhance their model portfolios and help them develop investor portfolios suited to today’s complex markets. The Portfolio […]


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