Hargreaves Lansdown new business up £4.6bn this year

The 10 months to the end of April have seen net new business of £7.9bn, while total revenue is up 19% over the same period to £532.7m. However, the firm has warned that the elevated levels of client activity will lead to additional costs in the second half of its financial year, while the FSCS levy this year is likely to rise to £15.8m from £13.7m last year. The last four months saw the firm add 126,000 new clients to reach a total number of active clients of 1,622,000. Meanwhile, assets under administration rose 28% over the 10 months to 30 April to hit £132.9bn. Chris Hill, ch...