The Fry Group eyes 'dumbed down' Hargreaves model

Managing director Stephen Tucker said the service would be "like a dumbed down Hargreaves Lansdown plus a decision tree" and could help reduce the savings gap by encouraging individuals to invest. Five Minute Finance, a working title, would offer a handful of packaged investment solutions put together by some of the industry's "household names". Tucker said they would be risk-managed, multi-asset products, most likely in the form of ISAs or general investment accounts. It will cater for individuals who have "some money" - perhaps £30,000 of investible cash - but not enough to justify ...