Montpelier not affected by new tax laws?

[lamboman]

I understand what you say Lewis - I was just talking generally...

Steed closed down because they said their scheme was not compliant with the new legislation which came into affect this April - I know because I was with them.

[ChimpMaster]

I understand what you say Lewis - I was just talking generally...

Steed closed down because they said their scheme was not compliant with the new legislation which came into affect this April - I know because I was with them.

What was different about Steed's arrangements when compared to all of these other "loan" type firms?

[lamboman]

What was different about Steed's arrangements when compared to all of these other "loan" type firms?

Steed didn't offer loans, they used trust funds instead. I don't think Montpelier use loans either, but best to ask them...