Should the advice industry move away from an 'anti-tax' culture?

Talking to Professional Adviser, Bowen highlighted the Progressive Adviser Movement, which is a resource for advisers wanting to learn more about a "tax proud culture". The movement believes the financial advice industry uses "homogenous anti-tax language" in its communications and is "too quick to default clients into products and services focused only on tax reduction and tax-led structuring". "It affects our industry, as it is about being aware that not everybody wants to hold on to all their money and being supportive of clients if they want that," Bowen said. She set out that ...