Investment trusts: What the Saba saga means for advisers

There has been plenty written in the media recently about how difficult it has been for retail shareholders to vote since Saba Capital's attack on seven investment trusts – but surprisingly little on the same issues faced by advisers and their clients. While Lloyds Bank rightly bowed to pressure and found a workaround to allow shareholders to vote on three of its platforms, some providers are persisting with policies that make it difficult for advisers to vote in their clients' interests. Some adviser platforms simply do not allow shareholder voting while others charge for the privile...