Member

This came to light in my own experience recently in dealing with my father’s estate, who, sadly—for me—suffered an IHT bill. The estate has a liability to discharge, and it has an asset in an investment with M&G plc, one of the biggest investment houses in the UK. It has £380 billion under management and 5 million customers, so there will be a lot of executors and executor estates among those customers. For reasons known only to M&G—one of the biggest investment houses in the country—it has decided that it does not want to take part in the IHT423 scheme.