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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

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