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Financial heavyweights join forces against chancellor's IHT/pension plans
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The big name firms, which collectively manage £430bn of investments for 3.4 million people, joined forces to oppose the methodology behind the tax policy which is due to come into force in April 2027. It was first announced in the Autumn Budget and has been criticised for being overly complex. Michael Summersgill is CEO at AJ Bell, Don Olley heads Hargreaves Lansdown, Steven Levin is CEO of Quilter and ii is headed up by Richard Wilson. Reeves to host meetings with financial services heavyweights over sector and UK growth plans The joint letter said while decisions on raising ta...
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