'Not open for business': UK risks deterring HNW clients with tax pressure

Speaking on an episode of Professional Adviser TV's Advice Lens, Maxwell said growing pressure on HNW clients, including the end of non-dom tax perks, proposed pension changes, and a possible wealth tax, is prompting a mass relocation of wealthy families and individuals to other jurisdictions. "We don't want to deter people coming to the UK and setting up businesses and employment and everything else," Maxwell said. "But I think it kind of gives the message to those high net worth, ultra-high net worth clients that Britain's not really open for business in many ways." The warning come...