Once again, the Financial Services Compensation Scheme (FSCS) is to shell out to investors whose advisers recommended they move their pensions into ‘high-risk non-standard investments’. Once again it will be advisers who wouldn’t dream of investing clients’ pensions in ‘high-risk non-standard investments’ who’ll cover the cost. We adviser’s may criticise it, but a recent survey found that consumers ‘overwhelmingly value’ the FSCS. Not an overwhelmingly surprising result. I’d say.
“Why most won’t need to worry about IHT on pensions”
Many a government has made the point that only a minority will be affected by this or that tax change or tinker. It is, however, both perception and aspiration which are important, and they are what makes IHT the ‘most hated’ of all taxes – along with all the others, of course.
