Survey finds many financial advisers do not promote tax-efficient giving

Howard Lake | 18 October 2001 | News

According to a MORI study commissioned by the Giving Campaign and released today, many financial advisers do not tell their clients about new tax-efficient methods of giving to charity.

Many advisers admit they are simply not well-informed about these opportunities. Indeed, 57% of the independent financial advisers (IFAs) and nearly half the stockbrokers surveyed never or hardly ever give such advice. Three quarters of IFAs and nearly two thirds of stockbrokers said that the biggest constraint was a lack of information and training.

Amanda Delew, Director of the Giving Campaign, said: “I think the research shows that we have a lot of work to do to ensure that financial advisers are equipped with the information and motivation to give advice on tax-efficient giving to their clients. UK charity tax reliefs are amongst the most generous in the world and we need to give everyone the chance to give money in the most effective way.”

About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale. He is the founder of Fundraising Camp and co-founder of GoodJobs.