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Do you believe the events in the US last week will lead to a global recession?

“No, because I do not think the world&#39s economies will allow it to.”

Keith Jarman, Hughes Carne IFA

“No. There might be a sudden downturn in share values when markets reopen but I anticipate the market recovering slowly afterwards.”

Terence Donaghue, Donaghue & Associates

“No. There will be a new determination and I think we will recover quickly.”

Roger Pitt, The Financial Advice Centre

“No, I just get the feeling there will be a recovery either at the end of this year or start of next year.”

Roderick Mee, Roderick Mee & Co

“No. It might lead to World War Three but I think the US can come back from this so it will not lead to a global recession.”

Richard Meredith, Richard Meredith & Associates

“No. The Americans will not want this to happen and will have tremendous resolve in getting things back on track.”

Kevin Dooley, The Financial Consultancy

“No. I think events will blow over quite quickly. There will be some adjustments but things will pick up.”

Richard Rogers, Richard Rogers Financial Services

“I hope not. It depends on what President Bush is going to do next.”

Jeannette Harrison, Jeannette J Harrison Independent Financial Adviser

“I do not think it will throw the world into recession. There are too many other factors. But it will not help.”

Colin Chalker, Falcon Asset Management

no 89%

don&#39t know 11%


Another Towry man for Wentworth

IFA retirement specialist firm Wentworth Rose has appointed Malcolm Thomas as head of pensions, the second recruit from Towry Law in the last month. Thomas joined Hogg Robinson in 1994 and moved to Towry last year as sales manager leading its retirement advice teams. Towry is requiring board director Tudor Taylor to honour his contract […]

NYSE falls 7 per cent on first day of trading after disaster

The New York Stock Exchange closed down 7 per cent yesterday after a day of record trading, as rate cuts on both sides of the Atlantic failed to shore up markets.The NYSE fall of 684 points, to 8,920, was the biggest fall in the Exchange&#39s history, but is dwarfed by the 22 per cent fall […]

Duncan-Smith announces Shadow Cabinet

Conservative Party leader Iain Duncan-Smith has unveiled his shadow cabinet, with Michael Howard as Shadow Chancellor.David Willetts is the new Shadow Secretary for Work and Pensions, rising star John Bercow becomes Shadow Chief Secretary to the Treasury and John Whittingdale is the new Shadow Trade and Industry Secretary.Further positions are expected to be announced shortly.

Boxing clever

Our panel consists of: Mark Birks, asset accumulation leader, Royal & Sun Alliance; Steve Burgess, head of pensions marketing, Axa Sun Life; Tony Reardon, pensions marketing director, Zurich IFA How many stakeholder providers do you predict there will be in a year? Birks: What would you have predicted 12 months ago? Certainly not 47. Frank […]

Trusts and Taxations

Take a look at the trusts and trustee taxation video – The definition and classification of trusts. Once you’ve viewed the boxset, visit our Test Centre to test your learning and get your CPD certificate. View here


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