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Talkback

Should with-profits be Catmarked?

“No. With-profits is suffering but I cannot see that Catmarking will make a difference.” Sam Newgarth, Newgarth Financial Planning

“Yes. With returns reducing, it is important to keep charges to a relatively low level.” Stephen Sheehan,Claremont Financial Services

“Probably not. I am not strongly in favour of Catmarking. It seems to reduce consumer choice.” David Coldicott, Coldicott Financial Services

“No. With-profits is a good concept which has worked well and will do so in the future.” Gary Fielding, Baker Richmond Financial Services

“No. We are in a situation at the moment where IFAs are moving away from doing Isas, stakeholder and pensions in general because commission does not make it practical. An IFA simply cannot go out and work for buttons.” John Balderson, John Balderson Financial Services

“No. If you Catmark anything, you are telling customers that it is good. A Catmark is not a guarantee and it drives people away from advice.” John Booth,Oak County Financial Services

“No. The way it is currently constituted means the IFA can rebate commission so everybody can benefit by closing the bid-offer spread.”

Roger Cooper, Robin-Cooper Financial Planners

“No because catmarks put the emphasis on the wrong things and do not take into account such things as past performance and the underlying strength of the with-profit funds.”

Nigel Speirs Buckles Ltd

Yes 13%

No 87%

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