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Would fees bring trust?

From the sublime to the ridiculous. I am an avid reader of Money Marketing but have never really read an article about the fees •

commission debate that hits the nail on the head more accurately than Tom Kean&#39s Independent View (Money Marketing, May 13).

He asks why do people think that previously dishonest and income-hungry advisers will suddenly become any more trustworthy by charging fees ?

He goes on to say how in years to come, the fraudulent adviser will claim that work that took two hours could easily be charged at 10 hours.

All I have to say is well done to Tom Kean for pointing out what all other IFAs know anyway. After all, we have all had dealings with the legal profession. Couldn&#39t resist that.

I then turn the page over to the next article by Mick McAteer of the Consumers&#39 Association and I am faced with his Pension Edge mutterings such as, “It does not take an economic genius to realise that consumers have no incentive to tie their money up in risky pensions when they can get 4.5 per cent from a safe cash Isa.”

Mick – in non-genius terms – up-front tax relief – just for starters. I rest my case.

Brian Rooney

Financial Solutions 2000,

Bracknell, Berkshire

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