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

Probate cases taking nearly two years rise by 131%

Probate cases taking nearly two years rise by 131%

Increased risk of interest accruing on IHT

Jaskeet Briah
clock 07 April 2026 • 2 min read
Government confirms standalone death-in-service benefits exempt from IHT changes

Government confirms standalone death-in-service benefits exempt from IHT changes

'The draft clause was nonsensical'

Jaskeet Briah
clock 17 March 2026 • 3 min read
Tax changes cause increase in client worry

Tax changes cause increase in client worry

More than half now more worried about tax now than a year ago

Isabel Baxter
clock 10 March 2026 • 2 min read