Only greedy IFAs would dislike CGT change - Fisher

Fisher says the 18% flat rate CGT is the “best giveaway in history” for clients and predicts a rapid demise of insurance bonds. “What the Chancellor has done is effectively halved the tax rate. How can any adviser with the client's best interests in mind be upset about that?” he says. Fisher says, in the past, advisers had been swayed toward insurance bonds because they often carry an extra 3% commission. “Advisers have been happy taking the higher commission from these products for a long time, but there are not many cases now where they can justify recommending them,” he says. “This (...