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Hargreaves wins HMRC rebate tax battle

Hargreaves Lansdown will be able to return “loyalty bonuses” to investors tax-free after winning a legal battle with HM Revenue and Customs. The fund shop says at least £15m will collectively be returned to around 150,000 investors. HMRC has 56 days to appeal the decision of the Upper Tax Tribunal that loyalty bonuses are not […]

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PFS: Advisers struggling to get PI cover for pension transfers

The Personal Finance Society has warned many of its members are struggling to find professional indemnity insurance cover for pension transfer advice. PFS chief executive Keith Richards tells the Financial Times the pension freedoms are in danger of being “de-railed” if advisers continue to face problems getting adequate PI cover. Richards says many of the PFS’s 37,000 […]

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