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“Yes, I think the regulators have realised that regulations are beginning to strangle and consumers having access to IFAs is a good thing, professional indemnity insurance has been a runaway train and realism is beginning to settle in.”

Harry Humphrey,Harry Humphrey Financial Services

“It depends on what happens what with the PI issue. Five years ago, you could earn a respectable amount of money in any aspect of the business, whereas now it seems to be more focused on mortgages and protection.”

John Evans,Hather Financial Services

“No, I think Winston Churchill would have said this is not the beginning of the end, it is the end of the beginning.”

P Marsden,Fortune Financial Services

“No, I think we have got a lot worse to come, I think markets are very very dodgy and it would only take something very minor to tip the market into reverse again.”

Kathleen Richardson, Kathleen Richardson.

“Yes, because the FSA, thanks to lobbying of Aifa and others, is beginning to realise that IFAs are an extremely important group of professionals who are essential to have in a marketplace and were possibly indirectly being driven out by the 1 per cent products and rising heavy regu-latory costs.”

Michael Haigh,ACI Victory

Yes 38%

Yes 50%

Don&#39t know 12%


Artemis opens funds of funds to individual investors

Artemis is opening up its individual funds of funds directly to investors from October 1. Previously, the funds &#45 three portfolio funds and five multi-manager funds &#45 were only available through Artemis&#39 premier funds service, head by Aidan Kearney. All the funds are Isable and can be accessed with a minimum investment of £1,000.

Prudential chief Wood says sorry for critical blunders

Prudential UK chief executive Mark Wood has apologised to IFAs for the company&#39s decision to raise premiums and withdraw guarantees for pipeline critical-illness business in March.Wood made his apology in a presentation to IFA delegates at this week&#39s Money Marketing Live conference in Manchester, which was attended by over 900 IFAs.Prudential incurred the wrath of […]

SFO may investigate Equitable Life

The Serious Fraud Office is expected to be asked to look into the demise of Equitable Life.According to a report in the weekend press, this is expected to happen once Lord Penrose&#39s inquiry is complete, due in the next few weeks.Policyholders are awaiting the report to establish whether there is any potential for compensation from […]

Help the Aged director general calls for an end to pension means testing

Help The Aged director general Michael Lake calls for means testing for pensioners to be scrapped because it discriminates against the 20 per cent of pensioners “living in real poverty”. He also wants the state pension raised to a level accessible for more of the elderly. The call came today at the Liberal Democrat&#39s annual […]


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