A rival to Nutmeg? Under the bonnet of Hargreaves' D2C discretionary service

Having received clarity from the Financial Conduct Authority (FCA) around what constitutes advice and what the regulator accepts as guidance, the D2C platform said it will be launching ready-made investment portfolios for clients which it manages on their behalf. The group already runs a full discretionary proposition for clients with over £150,000 but the new offering would be aimed at the vast majority of clients who hold less than this amount, and focus purely on the investment side without providing additional advice on other financial affairs. "We've now got clarity from the FCA ...