Lansdown: I'd be a saver if it wasn't for Bristol City

Katrina Lloyd
clock

Hargreaves Lansdown co-founder Stephen Lansdown, who last month pocketed £58m after selling a 3% stake in the firm, says he would be a saver if it wasn't for his commitments as owner of Bristol City football club.

However, Lansdown, who lives in Guernsey to avoid paying 50% tax, told the Sunday Times although some of his money from the recent share sale will be put towards the club, a large chunk is kept in cash or short-dated bonds. He says: "I would like to say I'm a saver but as I own a football club, I am definitely a spender. "It is impossible to keep my deposits within the £50,000 [FSCS] limit per institution but I spread my money through different banks, looking for the best rates. There are some attractive offers coming out for six- or 12-month fixed accounts from banks such as HSBC. ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Watch Professional Adviser's Working Lunch with Schroders - Beyond the Pulse: Essential insights for financial advisers in 2025

Catch up on the discussion

Professional Adviser
clock 10 July 2025 • 1 min read
Investors 'do not understand' implications of private markets investing

Investors 'do not understand' implications of private markets investing

House of Lords Financial Services Regulation Committee looked at the issues

Linus Uhlig
clock 09 July 2025 • 1 min read
NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

Making technology work better

Katrina Lloyd
clock 03 July 2025 • 9 min read