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“No, It will be difficult if the charges remain at 1 per cent. If they really think we are going to sell them, they are going to have to look at the remuneration. Who is going to pay our bills?”

Howard Horne, Howard Horne Associates

“No, because we will not be able to make any money from selling them.”

Nick Barker, Charlwood Leigh

“Yes, we will sell them but not to the people he thinks should buy them. We will sell them in the same way that we sell stakeholder pensions, not to the people they are intended for.”

George Rutt, George Rutt & Co.

“No. Because I want to earn a living.”

Peter Watson, Watson Financial Management

“Yes. We will always recommend the most appropriate solutions even if it includes the stakeholder suite. However, clients who choose the commission route, as most do, would be precluded as we could not afford to advise on them.”

Mark Osland,Fidelius

“No, I don&#39t think they offer good value. As an IFA,I want to offer tailor-made solutions for my clients. The stakeholder products are too simple.”

John Ellis, Premier Independent Advisers

“Yes. I would at least consider it in light of a client&#39s wider circumstances.”

Kevin Hains, Francis Townsend & Hayward

“No. It would depend on what I can earn from them but I don&#39t think they suit higher net-worth clients anyway.”

Mark Estcourt, Cavendish Young

Yes 38%

No 62%


Jackman wins battle at FSA to save T&C review

The FSA is publishing a consultation paper before the end of November detailing its plans for new IFA training and competence standards, according to head of industry training David Jackman.Jackman said last week that a paper outlining the FSA&#39s preference for regime change, first outlined nearly a year ago, would be finished by the end […]

Downing Corporate Finance – Pennine Aim VCT

Monday, 21 October 2002 Aim: Growth by investing initially in fixed interest securities then in Aim and unquoted companies Minimum investment: Lump sum £2,000 Opening-closing date: October 7, 2003-April 4, 2003 for 2002/2003 tax year, April 30, 2003 for 2003/2004 tax year Charges: Initial 5.5%, annual 1.8% Commission: Initial 2.5% Tel: 020 7411 4700

&#39Euro double whammy would bring chaos to mortgages&#39

The Council of Mortgage Lenders is warning of “regulatory chaos” if the European Union&#39s consumer credit directive is allowed to “drive a coach and horses” through the FSA&#39s plans.The directive is on its way to becoming European law although there is no set timetable. The CML says it would severely constrain the UK mortgage market, […]

Read all about it…

The Diary does not make a habit of publishing articles from rival newspapers but sometimes stories are just too important and, well, illuminating to let petty differences stand in the way.Flicking through the protection supplement of another trade pink last week, we were astonished to read that industry experts are predicting that “the ageing population […]


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