Hargreaves £15m tax case win over HMRC
Hargreaves Lansdown has won a tax tribunal appeal against HM Revenue & Customs that will see around 150,000 investors receive a £15m ($20.9m, €17m) rebate.
Hargreaves Lansdown
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Platforms are dead, says The Lang Cat boss
Platforms have spurned the gift of the retail distribution review (RDR) and are dead, according to Mark Polson, founder of financial services consultancy The Lang Cat.
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7 tips to compare drawdown providers
The number of providers offering drawdown has gone up since the pension vehicle was first introduced in the UK in 1995, but differences in quality of service and charges can be substantial, warns Hargreaves Lansdown, which has offered seven tips to compare providers.
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Hargreaves suffers from FTSE 100 slump as assets hit £86bn
Hargreaves Lansdown was swept up in the FTSE 100 sell-off on Tuesday, despite posting a strong set of first half results, including £3.34bn ($4.66bn, €3.76bn) of net new business.
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How investors were fooled by the Carillion mirage
Carillion’s investment story, like other firms before it, ultimately evolved into something that sounded too good to be true. Its collapse on Monday raises many questions, namely, at the stage it was in before entering liquidation, who would have even wanted to own it?
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Expats hit as funds suspended over missing Priips documents
US expats will be among the worst affected after Hargreaves Lansdown suspended nearly 1,200 ETFs and investment trusts last week after they failed to produce a key information document (Kid) as required under the EU’s new Priips regulation.
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Hargreaves backs Woodford despite rejection threat
Hargreaves Lansdown has backed Neil Woodford’s flagship equity fund despite fears it could drop out of its Investment Association sector on the back of lacklustre performance in 2017.
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D2C platforms prioritise best-buy lists over client experience
A drive toward transparency in the platform market will narrow the gap between big retail players and the institutional market, Multrees Investor Services chief executive officer Chris Fisher predicts.
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PEOPLE MOVES: Manulife, JPMAM, Lombard International
Manulife is consolidating its wealth businesses and moving several key figures, while JPMAM has raided the UK Treasury to hire a chief market strategist for Europe and UK and Lombard International created a new chief operating officer role.
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Complaints against SJP up but Sesame worst advice offender
The UK’s Financial Ombudsman Service (FOS) received 22% more new complaints against St James’s Place in 1H17 compared with 2H16 and, despite a drop in the number of complaints against Sesame, the network remained the most complained about advice provider.
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ANALYSIS: Why a world of low-returns is here to stay
Is 5% all an investor can hope for in returns over the next 10 years? With both investment managers and the regulator singing from the same hymn sheet, it appears this may well be the case.
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Analysis: Why cash ISAs have lost their shine
Cash Isas are on the wane while the amount of money pumped into stocks and shares Isas is growing, but why is this and who is responsible?