Hargreaves Lansdown has revealed HM Revenue & Customs (HMRC) is appealing the ruling of a tax tribunal, which ruled in favour of the platform giant for rewarding loyal clients with a 'discount' tax, and could lead to £15m in charges being returned to 150,000 investors.
In March, Hargreaves Lansdown announced it had won a 'discount tax' challenge against HMRC after it introduced 'loyalty bonuses' - discount provided against the ongoing management charges - for clients...
The lang cat has made parts of its platform analyser available for free so financial advisers can see how platforms are dealing with the 10% MiFID notification rule, which has been much-used in recent weeks.
On 22 September 2020, the great and the good of the platform world will once again gather for the Schroders UK Platform Awards at the London Hilton in Park Lane to celebrate excellence and achievement in investment platforms and technology.
Given current climate
'Final piece in the puzzle'
Meets increasing demand
Latest purchase adds £382m FUM