Networks have told Professional Adviser that they will ensure that their advisers have access to tax efficient products as the inheritance tax (IHT) changes come to force amid concerns that caution on certain solutions could hinder their members.
Last month, PA hosted a hosted a webinar on how to prepare and what the application of IHT on pensions means for advisers and their clients. One watcher set out that a "big issue" for advisers is how networks can have "very strict" rules over using tax efficient products such as business relief (BR), enterprise investment schemes (EIS) and venture capital trusts (VCTs). PA reached out to network bosses, who shared how they are tackling this concern. Times and taxation are changing fast Rosemount Financial Solutions CEO Ahmed Bawa highlighted that networks have traditionally been cau...
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