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“No. I don&#39t think it can because the act of misselling is impossible to define.”

Gerald Duthie,On-line Financial & Accountancy Services

“Yes. If it goes on as it is, there will not be anybody left to give advice.”

Harish Mistry, HB Mistry & Co

“Yes. The main problem is there is far too much retrospective legislation that affects us as IFAs. The regulator should have a clear definition of what it is.”

Dhiren Malde, Platinum Financial Services

“Yes, they definitely should. It is ridiculous to prosecute people for misselling if they do not really know what it is.”

Scott Clayson, Professional Financial Services

“Yes, if it is going to help the industry and keep the news-papers off our back. But it is difficult to say what misselling is. It depends on the circumstances and the particular client.”

Rodney Neil, IFA Investment Services

“Yes, we do not have any idea where we stand and the FSA keeps changing the rules in retrospect.”

Michael Urquhart, J Illingworth & Co

“Yes. So they cannot change things in the future and everyone knows where they stand.”

Andrew Forrest, Key Financial Strategies

Yes 87%

No 13%


Keydata Investment Services – Dynamic Growth Plan

Tuesday, 29 October 2002 Type: Guaranteed equity bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £3,000-No maximum Term: Five years Guarantee: Capital returned in full provided the index does not fall by more than 50% Return: Double the growth of the index up to a maximum of 80% Closing […]

Pru chief Bloomer made deputy chairman of FSA panel

Prudential group chief executive Jonathan Bloomer has taken on the role of deputy chairman of the FSA&#39s financial services practitioner panel.Bloomer, who has been a member of the panel since February 2001, replaces Schroder Salomon Smith Barney vice-chairman David Challen.Other new appointments include Threadneedle deputy chairman Alan Ainsworth and HBOS chief executive James Crosby. They […]

FSA suspends IFA firms

The FSA has this week suspended three IFA firms, preventing them from carrying out any regulated business. The firms are Gallagher & Company of 17 Malone Court, Downpatrick, Co. Down, Allan Austin Investment Services of 16 Carmel Street, Abertillery, Gwent and Midgley&#39s Insurance Mortgage & Pensions of The Studio, 20 Stony Lane, Eccleshill, Bradford. Gallagher […]

Berkeley extends services

Berkeley Independent Advisers has joined forces with IFA Keith Popplewell to offer a new range of services through member IFAs. Through Popplewell&#39s company, Pension Transfer Advisory Services, BIA members will now be able to offer transfer of preserved pensions, analysis of retirement income options, release of over-funded pensions, claiming of back-dated pensions for part-timers and […]


Five ways to make your employee focus group session a success

by Debra Corey, group reward director  You just planned and booked what you thought was the perfect vacation for you and your family. You call everyone together to share the great news and instead of receiving sounds of glee and delight, you receive groans and complaints.Your youngest says: “I hate beaches, didn’t you know that?” (You think to […]


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