Quilter
Best Practice | 16 May 22
78% of Brits do not have a Lasting Power of Attorney
Number of people approaching later life without one ‘remains worryingly low’
Pension savers recoup more than £22m in tax
As ‘clunky’ and ‘complex’ system blamed for overpayments
Taxman nets £6.1bn in IHT
£700m more than the previous 12 months and frozen bands mean it is set to go even higher
6% rise in AuMA for Quilter
But invasion of Ukraine had an impact on the firm’s Q1 results
Tech issue triggers 10% drop alerts for 1,200 Quilter clients
Quilter Investors’ CEO Steven Levin called on the government to scrap the ‘illogical’ rule last year