From: john boyle 
Newsgroups: uk.finance
Subject: Re: Life Insurance
Date: Sun, 25 Apr 2004 13:38:06 +0100

In message , financefan 
 writes
> As I
>say I am only making people aware of the choices that they have,

No, your only advising them of ONE choice and misleading them about the 
others.

>and I'd
>also like to point out that (I'm sure you'll correct me if I'm wrong) IFA's
>cannot offer this type of cover

Yes they can, they can advise a client to buy any financial product from 
anybody.


>and also just because someone is an IFA does
>not mean they are going to sell the 'best' product for the customer due to
>varying commission rates with different companies.

Sadly, some are like this but, gladly, most are not. When inspected an 
IFA has to justify his choice to the FSA.,


>Furthermore IFA's do not
>have access to all financial products on the market. There are a huge number
>of companies out there who only sell directly to the public eg, HBOS.

And fee based IFAs will advise them to go to HBOS if that is the best 
deal. What they CAN do and what you CANT do is to talk and advise the 
client about the HBOS product. Thankfully it would be illegal for you to 
do so, and I say 'thankfully' because you have little knowledge of other 
providers products.


-- 
John Boyle