Hargreaves awaits 'guidance' clarity as assets near £47bn

In its first full-year results since the shift to an RDR-friendly pricing model earlier this year, the group reported an 8% rise in net revenue to £291.9m, as well as a 7% rise in pre-tax profit, broadly in line with expectations. It also said it expects "positive regulatory change around the information and guidance" it can give to clients, which it said was particularly timely given the government's promise of free pensions guidance for retirees from next April. "There seems to be an increasing realisation amongst government and regulators that providing online and telephone-based i...