Nick Train, a long-term backer of Hargreaves Lansdown, has said the platform's assets could hit £240bn by 2020 - a figure which would mean adding £200bn in AUA over the next six years.
Banks will re-enter the advice space once the regulator has given a clear steer on simplified advice, Standard Life head of business solutions Innes Miller has suggested.
Advisers and providers share the burden of responsibility for managing potential conflicts of interest, the Financial Conduct Authority (FCA) has said in a guidance paper out today.
Hargreaves Lansdown's unbundled price structure will see it charge an annual fee of 0.45% for sub-£250k clients, with the group having also negotiated an average AMC for new 'Wealth 150+' funds of just 0.54%.