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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


Sipp guide from PYSS

Pointon York Sipp Solutions is publishing a free guide to self-administered personal pensions for IFAs to use with their clients.The guide explains the structure of a Sipp, its tax privileges and investment flexibility.PY Sipp Solutions managing director Christine Hallett says: “There are currently 80,000 Sipps in place and industry experts predict that this will grow […]

Mackie&#39s blind ambition

The prospect of an IFA strapped and blindfolded to a high-speed vehicle hurtling into the never-never may make some chortle but MR Financial Services director Andrew Mackie is doing just that to beat the blindfolded land speed world record – currently at 144.7mph – and raise money for charity British Blind Sport. Mackie, more used […]

Leeds & Holbeck – 20 Year Fixed Rate

Type: Fixed-rate mortgage Fixed term:Until September 1, 2024 Fixed rate: 5.99% Minimum loan: £25,000 Maximum loan: Up to 90% of valuation subject to a maximum of £300,000, up to 85% of valuation subject to a maximum of £400,000, up to 80% of valuation subject to a maximum of £500,000 Income multiples: Up to 90% of […]

New chief executive for the Financial Services Skills Council

The Financial Services Skills Council has appointed Teresa Sayers as its new chief executive. Sayers has been working as managing director for the FSSC since 2003 and was instrumental in the council being awarded its license from the government. The FSSC is now licensed to work in partnership with employers and trade unions to provide […]

Sierra Leone cover image - thumbnail

White paper — Sierra Leone International Insights

Jelf Employee Benefits assesses the areas that employers should be aware of when considering operating in Sierra Leone, including healthcare access, delivery and insurance provisions. This report draws on various sources to highlight specific considerations for this emerging jewel in West Africa.


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