Advance! Retreat! Arrrgh! Polson on Hargreaves' RDR pricing palaver

RETREAT!

clock

In general, financial services firms suck very badly at managing their message. That's a good thing as far as I'm concerned, as it keeps me and my chaps in a job, but there are some leading lights in the industry who we would never dare go near on saying the right thing to the right people at the right time.

Such a one is the mighty Bristolian Behemoth, Hargreaves Lansdown. Seemingly impervious to the kind of snafus which befall other providers of their size, HL is a news and marketing machine which rarely mis-steps. The confidence they take from this might be why they floated something called a 'trial balloon' yesterday about their long-anticipated pricing strategy. For those unfamiliar, a 'trial balloon' is generally used by companies or politicians to gauge public reaction to a controversial message. So, for example, a junior Tory minister or MP might be sent out front to say that a...

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 Wrap/platforms

How does a Model B platform work and what are the differences with other models?

How does a Model B platform work and what are the differences with other models?

Mark Rendle explains how a 'Model B' platform works and how it differs from other models...

Mark Rendle
clock 09 July 2026 • 4 min read
Platform functionality: Beware change for change's sake

Platform functionality: Beware change for change's sake

'It's all too easy to end up in the realm of bolt-ons and fripperies'

Steve Andrews
clock 26 June 2026 • 4 min read
Vanguard UK Platform Awards – Last day to vote

Vanguard UK Platform Awards – Last day to vote

Last chance to vote across several categories

Clive Waller
clock 26 June 2026 • 1 min read