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Do you back Misys IFA Services&#39 decision to back IFAs who take more than 1 per cent commission to advise clients to take stakeholder-style personal pensions?

“I probably would not back it. The straightforward fees where people know exactly what they are paying are more preferable.”

Phil Roberts, Roberts Wilkie Independent Investment Advisors

“In broad terms, yes. Advice should not be costed according to a fixed formula. It&#39s a question of flexibility.”

Liz Walkington, RJ Temple

“I don&#39t know what it&#39s going to do. If people aren&#39t going to pay for advice, they are not going to get good advice.”

Beryl Brown,Ideal Financial Services

“Yes, of course. We&#39re concerned that stakeholder does not include waiver of premium. How will people be able to afford that?”

Keith Lunn,Keyline Financial Services

“Yes. Otherwise IFAs are not going to sell stakeholder products.”

Timothy Lake, H&L Financial Services

“Yes. Because a 1 per cent annual management charge doesn&#39t permit a reasonable level of remun eration for advice.”

Howard Hawkes, Hawkes & Co

“We are quite happy to work under 1 per cent commission but, if a campaign by other IFAs produces higher commission, we would be happy to take advantage.”

Colin Jackson, Baronworth (Investment Services) Limited


Nigel Chambers

In terms of opportunity for building up a corporate client base, stakeholder ranks alongside the introduction of Serps and contracting-out in 1978 and personal pensions in 1988.We have less than a year before 300,000 companies need to have stakeholder or stakeholder-exempt arrangements in place. This is a major challenge which I believe the IFA sector […]

Close says techmark remains good long term bet

Close Brothers is telling investors the one year old techMark remains a good term investment on its first anniversary despite this year&#39s volatility. Close which runs its own techMark fund has seen sales of more than £200m this year. It says its investors have enjoyed growth in excess of 45 per cent.

Legal & General plug into technology

Legal & General is jumping on the technology bandwagon with its global technology unit trust.Aimed at experienced investors who are looking for exposure to the technology market, the trust will track the FTSE all world technology index. The FTSE all world technology index consists of 175 companies based all over the world and includes companies […]

Moneyextra to set up network for tech support

Moneyextra is to set up a technology-based IFA support network providing training and competence services to intermediaries.The electronic trading group, which owns The Exchange, is in negotiations to buy software company Crisp Computing, a specialist in back-office systems for financial providers and brokers.It is understood that if the deal with Crisp is completed, the group […]


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