HL client numbers move closer to 1.7m

Investment platform Hargreaves Lansdown signed up 23,000 new clients in the last quarter to push up its total number of active clients to 1.677m, the firm reported today.

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GDP up but output still below pre-pandemic levels

UK GDP saw modest growth in August with an increase of 0.4% but remains 0.8% below its pre-Coronavirus pandemic level seen of February 2020.

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Planners concerned about surge in LTA penalties

Pension lifetime allowance (LTA) penalty charges surged by 21% in 2019-20 to £342m (2018-19: £283m), according to data released by HMRC.

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Covid-19 deaths help fuel surge in IHT receipts

Inheritance tax receipts rose 35% between April and August, up a third year on year, with Covid-19 deaths a potential factor in the increase.

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