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“Yes. It has to do something to come into line with all the others.” Andrew Williams, Independent Financial Advisers

“Yes. It was inevitable as Standard was the only life office not to have done so.” James Cooper, Cullen Financial Planning

“No. I think it is something the regulator has to look at. I can understand the commercial reasons for doing so but it is not managing people&#39s expectations and it ought to be required to give some period of notice.” Richard Eager, The Richard Eager Partnership

“Yes, I think it was right because, if Standard Life had not done it, it could put a severe strain on its sales.” Ding Samson, The Samson Practice

“No. The whole idea of with-profits is smoothing. It has already cut its terminal bonuses and I think a 10 per cent MVA is too high.” Marel Sandidge, Marel Sandidge Associates

“Yes. With its reserves falling from £9bn to £3bn last year, it was a good idea. I wish some of the other companies only had MVAs of 10 per cent.” Peter Jones, Broomfield & Alexander

“Not sure. I have not looked at Standard Life&#39s balance sheet. It is a very big issue.” Douglas Skene, Robert Langley Financial Management

“No. Although markets have been bad over the past couple of years, people expect a big company to have built up enough reserves to be able to cope with something like this.” Geoff Walker, GW Financial Services

Yes 50%

No 38%

Not sure 12%


Why Sandler is wrong to judge industry so badly

An open letter to Ron SandlerHaving heard your address to the CII national conference in Birmingham in which you summarised your report, it is time for someone who actually interfaces with the general public and who sells life and pension products to put the record straight. A précis of the argument that you made to […]

Medicare cover from £1 a week

Companies can give staff the employee benefit f healthcare for £1 a week under a scheme launched by Medicash this week.Medicash Reward covers all staff from 16 to 65 with benefits including cash payments for dental and optical treatment, on the birth or adoption of a child, for nights spent as an inpatient and consultants […]

IFA accuses FSA of snubbing small firms over PI

A Welsh IFA claims the FSA is operating double standards towards his difficulties in finding PI cover, with the regulator saying one thing in public but acting differently when dealing with firms.Philip Evans & Associates principal Philip Evans says the regulator is threatening to shut him down because he has been unable to find adequate […]

Independent view

During the 16 years I have been in this industry, we have seen, in my opinion, a steady decline in service standards. It is a concern that we may now have come to accept such abysmal standards as the norm or have we?There used to be at onetime regional branches with local inspectors visiting regularly, […]

Japan: mid-year review and outlook

By Chris Taylor, Manager of the Neptune Japan Opportunities Fund H1 2014 Economy: after a harsh winter that slowed activity in the economy, the main event of the first half of the year has been the debate over what impact the 1 April VAT hike from five to eight per cent would have; we are […]


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