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

Consultancy launches to provide IFAs with 'robust' investment processes

Consultancy launches to provide IFAs with 'robust' investment processes

Sheridan Admans launches Infundly

Isabel Baxter
clock 06 November 2025 • 1 min read
Inflation protection not front of mind for financial advisers

Inflation protection not front of mind for financial advisers

Titan Square Mile report suggests

Jen Frost
clock 04 November 2025 • 3 min read
Trick or treat? The UK and global economy face their Halloween ghosts

Trick or treat? The UK and global economy face their Halloween ghosts

‘Wealth managers and market professionals are tiptoeing past economic graveyards’

Stephen Jones
clock 31 October 2025 • 4 min read