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Should the Government provide funds to ensure the public have access to independent financial advice, as the LibDems are suggesting?

“No. If they have that sort of money to spend, then spend it on hospitals.”

John Hughes, Risca Insurance Consultants

“Yes. They should for anyone taking a stake-holder pension but apart from that, no.”

Martin Evans, Rimmer & May

“No, because I think IFAs should be able to fund themselves through fees and commission.”

Colin Marks, Marks Independent Financial Advice

“Yes, because I think we are going to price people out at the lower end of the market who are not going to be able to afford to pay fees for independent advice.”

Paul Hayes, Moneysave

“No, I can&#39t understand how this could work.”

Brian Moore, Moore Financial Services

“No. I think it is better for most people to deal with advice under the present arrangements. I cannot see the Government funding it.”

Mark Gower-Smith, Norman Cox & Ashby

“No, I think it should be a free market to charge otherwise the Government will start imposing ridiculous rates.”

Mushtaq Parkar, Mushtaq B Parkar & Co

“No. Whatever the Gov-ernment could afford to pay would be inadequate.”

Terrance Farrow, Planet Investments & Financial Planning

“In theory, yes, because the amount IFAs are paid is being cut down through stakeholder and other pressures. In practice, it is difficult to see it working.”

Gary Martin, Gary Martin Financial Services

Yes 37%

No 63%


ISIS takes AiM

Turning to whether the commission is fair and reasonable the panelall agree that it is.Moving on to the product literature Rogers and Clayson think that it isclear and easy to read. Croft says:"Uninspiring." Vaughan says:"Relatively easy to read but dull inappearance."Summing up the fund Croft says: "I am concerned thatthese are relatively high-risk funds upon […]

US Federal Reserve cuts rates to 2.5 per cent

The US Federal Reserve cut rates by 0.5 per cent to 2.5 per cent yesterday evening, their ninth cut in rates this year.Many investment experts believe rates could go even lower in the short term, possibly down to 2 per cent.

Walter Merricks

Lives: Highgate, North LondonBorn: June 4, 1945, in East SussexAge: 56Education: Bradfield College, Berkshire and Trinity College, OxfordCareer to date: Director of Camden Community Law Centre, Writer for New Law Journal, Head of Communications at the Law Society, Insurance OmbudsmanCareer Ambition: “Very happy with whatI am doing now, thank you.”Life ambition: “To win the tennis […]

Bedford leaves Misys IFA Services

Misys IFA Services head of marketing Andrew Bedford is resigning to take up a position in America in January 2002. Bedford will become director, training and development for ALICO, a subsidiary of AIG. Bedford has been MIFAS head of marketing since January last year.


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