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Talkback

Are you ready to implement the menu system when it comes in on June 1?

“Yes. There are probably still a couple of things we need to work out but we have plenty of time allocated for that.”

George Chakko George, Progressive Independent Advisers”No. I have not really given it a lot of thought but it is creeping up on us.”

Alan Northeast, Northeast & Thakrar”No. I am not ready but I will be by June 1. We have known it has been coming for long enough so there should be no reason why an IFA is not ready.”

Graeme Mitchell, Lowland Financial”No. We have not finalised our details and we are going to find the deadline tight. The problem is the FSA table on comparative costs of sample comm-ission is very complex. The timetable is unrealistic.”

Jim Turner, Innes Reid Investments”Yes. We have always offered both commission and a fee menu system for charging anyway. It is nothing new for us so we feel in a strong position. It will not make that much difference at all. We have a wide range of clients looking for a wide range of solutions and we offer them the widest range of payment options.”

Linda Kent, Bracondale Financial Services IFA”Yes. I am ready and the firm as a whole is certainly ready. I can see why the FSA is doing it and where they are heading but it seems to be duplicating a lot of the paperwork that we already do.”

Ian Green, Insight”Yes. In some ways, we are reliant on our network but I cannot see the menu system causing us a problem as we have prepared well for it. The only issue will be an increase of paperwork.”

Andrew Whiteley, WHM Financial ServicesYES 62%NO 38%

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