Panning for gold: Platform view with Hargreaves Lansdown
Platforms must adapt if they are to prosper in the new gold rush heralded by the chancellor’s pension reforms.
Hargreaves Lansdown
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Providers ‘still struggle’ with pension freedom demands
Sectors of the UK pensions industry are “still struggling” to meet customer demands nearly three months after the new freedoms were introduced, FCA figures have revealed.
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Refocus on fund management sees JP Morgan hand £370m client book to Hargreaves
As many as 7,000 JP Morgan clients and £370m in assets are to be acquired by Hargeaves Lansdown as part of an ongoing effort to refocus its business on its strength: fund management.
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Low-cost pension planning services launched to fill ‘advice gap’
Free and low-cost pension support services have taken off as more UK consumers look for alternatives to traditional financial advice and the governmental initiative, Pension Wise.
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Osborne reveals £1bn withdrawn since UK pension reforms
Thousands of UK savers have collectively withdrawn more than £1bn from their pension pots after new freedoms were introduced in April.
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Hargreaves shares fall on FSCS levy spike
Despite announcing plans to dip its toes into the non-advised space, shares in Hargreaves Lansdown fell around 3% on Wednesday, largely in response to it highlighting the significant increase in its Financial Services Contribution Scheme levy payment.
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Peter Hargreaves steps down from HL board
Hargreaves Lansdown co-founder Peter Hargreaves has stepped down from his role on the firm’s board, effective immediately.
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Hargreaves Lansdown new drawdown fund
Hargreaves Lansdown, the FTSE 100-listed UK investment 'supermarket', has launched a drawdown fund offering no set-up or income withdrawal charges to take advantage of the radical UK pension reforms due to take effect from April 6 this year.
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First State GEM funds forced out of IMA GEM sector
Three First State Investments global emerging market funds will be moved out of the IMAs GEM sector as of 30 November after failing to meet sector requirements.
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Sesame most complained about advisory firm
Sesame received more complaints than any other advisory firm over the first half of 2014, the Financial Ombudsmen Service (FOS) has revealed in its half year results.
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Platform assets rise by 14bn in second quarter
Total platform assets under management rose by £14bn in the second quarter of 2014 to reach £317bn, a 5% rise on the year’s first quarter.
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PSigma Income manager Mott to retire at year end
PSigma Income Fund manager, Bill Mott will retire at year end to be replaced by Eric Moore.