Phil Wickenden: The client has to be placed at the centre of the story

We asked consumers approaching retirement how important a whole host of things were when thinking about planning income – from access to capital to preservation of funds, flexible income levels to cast iron guarantees. Do you know what people valued most? Being actively involved. This got me thinking about client engagement, where there is a […]


HMRC to appeal ‘loyalty bonuses’ ruling after Hargreaves victory

HM Revenue and Customs will go back to court with Hargreaves Lansdown as it appeals a multi-million pound judgement on loyalty bonuses for investors. In March, Hargreaves successfully defended its position over the so-called “discount tax”, arguing that rebates of annual charges, such as loyalty bonuses, paid on funds held outside Isa or Sipps should […]

HMRC helping to remove artificial gains

An investment bond offers investors certain tax advantages, one of which is the ability to take partial surrenders from the investment. This facility allows the policyholder to withdraw amounts up to 5% of the amount invested each policy year on a tax deferred basis, without incurring any immediate tax liability. This tax deferred allowance can […]


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