Hargreaves Lansdown

Hargreaves Lansdown could be set to charge lower-end clients around 70bps when it publishes its new clean fee structure, expected this week.

Hargreaves Lansdown chief executive Ian Gorham has sold 715,000 shares in the FTSE 100-listed company for a total of over £8.4m.

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.

V.I.P

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.