Sorry to sound like a broken record but my dermatologist says no.
However, I do think my skin was better (prior to dermatologist intervention) when I could afford more expensive moisturisers (like Guerlain Midnight Secret and Kiehl's) rather than No 7.
I did once buy a pot of La Prairie. 'Twas amazing...
I do like No 7 though. I can still feel it on my face in the morning.
Dermatologist said to use Oilatum and a sunscreen.