PEOPLE MOVES: SLI, Nikko AM, Hargreaves Lansdown
SLI has created a new role focusing on environment, social, and governance investment. Nikko AM added to their global emerging markets team, while Hargreaves Lansdown announced a surprise departure.
Hargreaves Lansdown
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Hargreaves Lansdown reports inflows up 23%
Hargreaves Lansdown’s first half net inflows were up 23% on last year to £2.77bn, according to the company’s half yearly report.
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Barclays bids for TD Direct, could rival Hargreaves Lansdown
Barclays has emerged as a potential buyer of TD Direct Investing, one of the biggest retail stockbroking businesses in the UK, in a move that could create a challenger to current market leader Hargreaves Lansdown.
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Ex-Hargreaves trio set up high-net-worth investment service
Former Hargeaves Lansdown executives, Alex Davies, Ben Yearsley and Marta Caricato have announced the launch of a new investment service for high-net-worth investors.
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UK government moves to cap early exit pension charges
UK chancellor George Osborne has announced plans to introduce legislation to give the Financial Conduct Authority (FCA) the power to cap excessive early exit charges for those eligible to access their pension pots under the new pension freedoms.
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What UK pension investors should look out for in 2016
After seismic changes to the pensions landscape, 2016 looks like being another year of upheaval. Here are the main things Hargreaves Lansdown think investors should look out for.
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Billions withdrawn under UK pension freedoms, but common sense prevails
More than half of the funds being invested under the new pension freedoms have been invested in income drawdown products, with the remainder buying annuities, reports the Association of British Insurers (ABI).
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Regulatory uncertainty frustrates pace of robo-advice growth
Continued regulatory uncertainty is and will continue to frustrate the growth of the robo-advice industry in the UK, says Numis’ analyst David McCann.
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UK complaints long-stop proposal praised by advisers
The Financial Conduct Authority’s proposal to introduce a long-stop for claims against financial advice has been met with optimism by advisers.
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UK Gov’t kick-starts consultation into accessibility of advice
The Treasury and the Financial Conduct Authority (FCA) have jointly initiated a consultation to “radically improve” the access and affordability of financial advice in the UK, the first step in a major review of the industry.
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Hargreaves Lansdown abandons independent model
UK investment manager Hargreaves Lansdown has changed its financial advisory service to a restricted model and removed the minimum investment requirement.
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Hargreaves Lansdown poaches CFO from IG Group
UK advice firm Hargreaves Lansdown has poached IG Group’s chief financial officer just weeks after the financial spread-betting firm’s chief executive announced his retirement.