View more on these topics

Hargreaves Lansdown hits back at MP’s attack

Hargreaves Lansdown has slammed a Treasury select committee MP for using the company’s recent savings promotion as an example of bad financial practice.

Speaking at a Treasury select committee meeting on Tuesday, Labour MP for Bassetlaw John Mann used a recent Sunday Times promotion run by Hargreaves Lansdown which offered the chance to win £100,000 or an Audi A3 car to question City minister Lord Myners on ethics in the financial services sector.

The prize draw was open to Hargreaves customers who were taking out a Vantage Isa, fund account or self-invested personal pension.

Mann said to Myners: “A prize draw – aren’t we just getting back into the same old cycle? Isn’t this business as usual and money for nothing? Isn’t this the kind of thing you should be cutting out?”

Hargreaves Lansdown chief executive Peter Hargreaves says: “If Mann knew anything about finances, he would know that this is a savings promotion. We think it is a good thing to promote saving and politicians should agree.”


FSA Turner-round

This morning’s press conference with Adair Turner lacked frantic media scrums, flashing camera bulbs and even hearty heckling from reporters about the FSA’s failings.

FSA is the biggest detriment to the public

According to Ernst & Young, as many as two million clients could be left without access to an IFA after retail distribution review implementation.

CGT entrepreneurs' relief

Entrepreneurs’ relief is due, subject to meeting certain conditions, in respect of capital gains arising on ‘material disposals of business assets’. These ‘business assets’ include: Read more


News and expert analysis straight to your inbox

Sign up


    Leave a comment