Schroders Personal Wealth secures Fair Tax Mark and reinforces its commitment to responsible tax conduct
Schroders Personal Wealth has secured its first Fair Tax Mark accreditation, and joins the growing movement of responsible businesses who are proud to ‘say what they pay with pride’.
A financial planning business, Schroders Personal Wealth was created to help more people across the UK benefit from financial advice. The business has 11 regional hubs and over 270 financial advisors across the UK.
The Fair Tax Mark is an independent accreditation, which recognises organisations that demonstrate they are paying the right amount of corporation tax in the right place, at the right time. Businesses carrying the Fair Tax Mark include UK national brands such as Timpson, Lush, and Richer Sounds, listed companies including SSE and Marshalls Plc., as well as co-operatives, family businesses and social enterprises.
Janine Stelzer-Cooper, Head of Tax, Schroders Personal Wealth said:
“I’m delighted that SPW has obtained the Fair Tax Mark accreditation. As a business, we can be really proud of this achievement. Paying fair taxes and maintaining open and transparent relationships with tax authorities is at the core of how we operate at SPW and it’s great to see this being recognised. This is another compelling sign of our deep commitment to being a responsible business.”
Jaime Boswell, Head of Accreditation, Fair Tax Foundation, said:
“We are delighted that Schroders Personal Wealth has secured Fair Tax Mark accreditation. It’s great to see their commitment to responsible tax conduct sit proudly alongside their recent Good Business Charter and Living Wage certifications. They have developed an exemplar responsible tax policy, that shuns both tax avoidance and the artificial use of tax havens. Moreover, their commitments extend to managed funds, interactions with clients and work with third party advisors. This systematic approach to being a sustainable business is to be applauded.”
Polling* commissioned by the Fair Tax Foundation from ICM has recently found that two thirds of the public would rather shop with (66%) or work for (68%) a business that can prove it is paying its fair share of tax. Over three quarters (77%) of the public believe that all companies, whatever their size, should have to publicly disclose the taxes they do or don’t pay in the UK.
* 2021 ICM Omnibus: a nationally representative omnibus survey of c.2,000 adults across GB between 15th and 17th May 2021.