Hargreaves Lansdown has put on hold the promotion of with-profit bonds. The group sees three possibl...
Hargreaves Lansdown has put on hold the promotion of with-profit bonds. The group sees three possible scenarios for world stock markets. Firstly, markets rise but with-profit bonds cannot increase their bonuses until huge repair to free asset reserves has occurred. Secondly, if markets drift sideways, life companies will become nervous and may switch to gilts. Thirdly, if markets decline free asset ratios may dwindle to zero.
Since November 2008
Share issue oversubscribed
PARTNER INSIGHT: For many advisers, outsourcing to a multi-manager or discretionary fund manager makes sense, allowing them to focus on the adviser-client relationship
Events, information and other services
An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client