Each day, IFAonline will give you an insight into the wealth of comments on polarisation we have rec...
Each day, IFAonline will give you an insight into the wealth of comments on polarisation we have received this week from intermediaries.
If you have any comments you would like to add, either email them to the editor, Julie Henderson: [email protected], or post them on the discussion boards.
This comment comes from intermediary, Paul Melville.
I am sceptical about the abolition of Polarisation. I believe we have now truly entered the concept of the Nanny State, where advisers or the new Blairite term "Persuaders" (awful terminology) will tell us how investors and advisers are to save for their uncertain futures. Is it any wonder that credit spending and debt is on the increase and savings have fallen away?
I believe that this is is another sly stealth tax on hard-working IFAs. Commission is VAT-exempt but fees are not. Do I detect the hand of the Treasury here? The Railways and NHS have to be funded somehow.
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From 8pm Friday 19 October