Hargreaves Lansdown is planning to cut its Wealth 150 list down to as few as 30 funds as it looks to adapt to the new pricing world post-Retail Distribution Review (RDR).
IFAonline's sister title, Investment Week, can reveal Hargreaves is asking fund groups to prepare to compete for spaces on a shorter version of the well-known list. Fund providers will need to submit private offers detailing what price they will give Hargreaves on super clean share classes for their leading funds. Successful funds will form part of a core list of offerings Hargreaves markets to clients. Currently, there are 103 funds on the famous list, which was launched a decade ago. The number has shrunk in recent years due to a lack of consistently performing active funds and s...
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