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“A lukewarm yes. If it stops the witch-hunting then it is a good thing. It is a small step forward but it does not go far enough.”

Mary Louise Bassett, Total Financial Management

“No, There seems to be an element of confusion as to what constitutes misselling. The FSA has moved the goal posts so many times I don&#39t think any of us have any real idea about what is misselling.”

Peter Shorter, Shorter & Co.

“No, I&#39m still confused. I thought there was a definition coming and I still don&#39t really see one.”

Graham Richmond Park, Graham Park Financial Services

“Yes, I would like to think as the FSA has clarified the position on it that it will stick to what it has said in the future. I remain cautiously optimistic.”

Nigel Colebrook, Paris, Smith & Randall

“No. As is always the case it is not sufficiently specific in the guideline as to what counts as misselling.”

Paul Simmons, Financial Design

“No. I don&#39t think it&#39s changed anything at all. Things are going to remain the same.”

Michael Sherrard, Sherrard Financial Management

“I am leaving the industry. I just can&#39t take it any more. There are more things in life than being regulated by the FSA. It&#39s bureaucracy gone mad – they can&#39t see the end goal.”

Philip Williams, Williams Carrig & Associates

yes 29%

No 71%


Out of context

•”I have just been told that I sound like Tina Turner.” – Cicero Consulting&#39s Iain Anderson on his sore throat.•”That is the pink paper I cut up to make mobiles out of.” – Sofa managing director Brian Lawless on his copy of MM.•”Two o&#39clock. It&#39s the new witching hour.” – Bloomberg Money editor Julian Marr […]

Golden age for Exweb

The Exchange has unveiled the next generation of its Exweb IFA portal that will enable advisers to receive client-servicing data from providers direct to their desktops.Exweb Gold will offer online application tracking for new business, aggregated valuations and report generation. The Exchange says it will give IFAs without big technology budgets the increased efficiency and […]

Gap narrowing between cost of buying and renting

Despite the surge in house prices over the last five years, latest figures show that it is still cheaper to buy rather than rent a property but that the gap is narrowing.Research from Abbey National shows that over a period of 25 years, it is on average around £80,250 cheaper to buy rather than rent […]

Delaying tactics

I will soon be 60 and have a collection of different personal pensions. I am already being sent paperwork from the insurance companies but I do not really want to retire yet. Is there anything I should be doing? Several years ago, the answer to this question would have been very simple. However, times have […]


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