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Talkback

Should IFAs be forced to bear the lion&#39s share of the £80m

recalculated redress on phase two of the pension review?

“No. Most of the redress needed has not been caused by IFAs anyway.”

Steve Goodwin,Goodwin Financial Services

“No, but it is no great surprise. IFAs are the fall guys for everything

and it is par for the course. IFAs will always end up paying the cost of

these things.”

Chris Markham,Markham Associates

“No. Because they are judging circumstances with hindsight. And insurance

companies are in a better position to pay than IFAs.”

David Wilson,Dave Financial Services

“No. The advice at the time applied to the regulations at the time.”

Jim Keane,MJ Keane

“No, because not all IFAs have had any involvement in it. I never touch

pensions and I object to paying for other people&#39s mistakes.”

Roger Parkes,Ovenden Parkes

“No. I think the IFA market has taken enough hits so life offices should

bear more responsibility for this problem.”

David Ellingworth,Effective Financial Planning

“No. I think there should be a fair portion between the life offices and

IFAs.”

Laurence Lee,Lee Financial

“No. The life offices knew what they were doing. They were much more

informed than the IFAs.”

Prem Wadhwani,Linco Financial Services

“No, We were not responsible for it. I have not see any figures which

indicate IFAs were any more responsible for phase two than we were for

phase one but this time the life offices have got together and got mutinous

about it.”

Howard Horne, Howard Horne Associates

no 100%

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