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A warning from Standard Life amid the glee

posted 11 May 2015, 16:14 by Tollcross Junction   [ updated 11 May 2015, 16:18 ]

A 2.3 per cent surge in the FTSE 100 Index and an even more dramatic leap for the more domestically-focused FTSE 250: up by 487 points, or 2.6 per cent, on Friday.

What could possibly spoil this cloudless blue sky for Scots savers and investors? Only this: a dense Scottish haar of tax complexity and confusion, and one that’s rolling in fast.

First indications of trouble ahead came with a report on Saturday that Edinburgh-based pensions and asset management giant Standard Life was preparing a “coded warning” on the dangers of Scotland’s tax regime diverging from the rest of the UK as business people ponder the consequentials of the SNP’s landslide victory.