View more on these topics

Advisers accused of making IHT plans too complicated

Advisers are overcomplicating inheritance tax planning for clients to earn higher commission, claims a Brentwood IFA.

Unizone principal Richard Prudence says media publicity on IHT planning is prompting advisers to recommend trusts more frequently than is necessary. He says IHT planning needs to go back to basics.

Prudence says the media have given extensive coverage to IHT planning since the Chancellor reformed trust taxation in the Budget.

He says: “Wills are so often overlooked as an option. Advisers need to be looking at the basics first. Some inappropriate advice has been given by advisers whose clients are paying a couple of thousand pounds for setting up a trust when it could cost them 150 to write a will.”

Gilliland Neilson Brown IFA Harry Reilly says: “I would agree that, in many cases, will trust planning is a simple method of mitigating IHT that suits most people.

“You can balance the estate and take advantage of the individual allowances. Up to around 500,000 can be offset now through a will trust, which should cover most people.”


Sandler joins Paternoster

Ron Sandler has been signed up as chairman of closed life fund consolidator Paternoster. Sandler achieved widespread recognition for the review of savings he carried out for the Treasury in 2001. He is chairman of financial education charity PFEG and former chief executive of Lloyd’s of London. He is also chairman of Computacenter, Kyte Group […]

Close to grow fund admin and trust businesses

Close Private Bank is preparing for aggressive expansion of its fund administration and trust businesses.The newly appointed chief executive of the fiduciary division Stuart Dyer has recently taken over responsibility for Close’s fund and trust businesses in Jersey, Guernsey and the Isle of Man.Dyer joined from Cofunds where he was chief executive. Prior to this […]

In Focus image

In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm