Hargreaves Lansdown will not be carrying out bulk switches of client money from bundled to clean or super clean share classes, Investment Week can reveal.
Hargreaves Lansdown has begun the process of telling groups if their tenders for inclusion in its ‘core' Wealth list have been successful, and is understood to have secured prices of around 50bps for equity funds and less for fixed income funds.
The planned pension charge cap should be reduced to 0.5% and extended to all funds, not just those used for auto-enrolment, according to Which?
Up to 90,000 employers would be forced to review their defined contribution (DC) schemes if a charge cap was introduced, according to a government impact assessment.
Inheritance levels in the UK have hit £75bn
The compulsory use of an annuity broker at retirement could be written into the latest version of the Pensions Bill after Labour tabled an amendment to the legislation.
Hargreaves Lansdown's head of research Mark Dampier has sold a portion of his stake in the platform giant for more than £620,000.
Customers of D2C platform Hargreaves Lansdown are likely to get lower prices if they transact business online.
Hargreaves Lansdown's direct-to-investor proposition Vantage saw a net increase of 20,000 clients in the three months to October, as total assets across the fund seller rose to a record £39bn.