Pensions and IHT behind 'sharp rise in demand for financial advice'

Carmen Reichman

There has been a sharp rise in demand for financial advice over the past 12 months, according to accountants, who claimed people have become more aware of pensions and inheritance tax planning.

A survey by Investec Wealth & Investment found more than a third of accountants had experienced an increase in demand for advice about finance during the last 12 months, predominantly on pensions and inheritance tax planning. Around 40% of the queries related specifically to income and capital gains tax on investments, windfalls and potential investment opportunities, the accountants said. Investec said the government's pension reforms and rising property prices were behind the trend. The government reformed the retirement income landscape over the last year, allowing people to acc...

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