CISI hits back at prime minister's conference speech line

May warned those who help clients 'tax dodge'

Tom Ellis
clock • 1 min read

The Chartered Institute for Securities & Investment (CISI) has hit back at prime minister Theresa May's comments about financial advisers and tax-dodgers in her speech at the Conservative Party Conference.

In one passage of yesterday's speech, May (pictured) warned: "If you are an accountant, financial adviser or middleman who helps people dodge tax, we are coming after you." Bristling at the portrayal of financial advisers in such a way, however, the CISI has responded by underlining its members are "committed to the highest standards of ethical behaviour". The trade body said: "CISI believes that professionals within the securities and investment industry owe important duties to their clients, the market, the industry and society at large. "Clients who are offered financial advice ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax Planning

HMRC continues to see raft of pension tax overpayment claims

HMRC continues to see raft of pension tax overpayment claims

Claim numbers hit 12,767 in second quarter

Isabel Baxter
clock 30 July 2025 • 2 min read
Economists pen open letter calling for a UK wealth tax

Economists pen open letter calling for a UK wealth tax

‘A progressive wealth tax is a critical step forward’

Isabel Baxter
clock 29 July 2025 • 3 min read
TISA and industry urge government to rethink IHT on pensions

TISA and industry urge government to rethink IHT on pensions

Research proposes simpler alternatives

Isabel Baxter
clock 14 July 2025 • 5 min read