Public trust register
Griffin also raised concerns about Labour’s plan to create a public register of trust assets, arguing that people should a have a right to privacy.
“Privacy is very important to people, not because of money laundering or tax avoidance, but often as a result of complex family situations. So the proposals for a public register of trust assets and beneficiaries will also concern some people.
“Many people want to be able to provide for loved ones on death, without the emotional upset which could arise if the arrangement is made public. It could also put beneficiaries in a vulnerable position, where their future inheritance is made public,” she said.
