Hargreaves Lansdown

The introduction of super clean share classes will be a short-lived arrangement but one that still has the potential to drive platform consolidation, says UBS Wealth Management executive director Graeme Price.

Hargreaves Lansdown has moved to officially challenge HM Revenue & Custom's (HMRC's) decision to impose a tax on platform rebates paid to consumers, after the revenue's move to introduce the tax earlier this year.

GOLD

Hargreaves Lansdown co-founder Peter Hargreaves has said his biggest fear is how customers will react to forthcoming changes to the platform's pricing model.

Hargreaves Lansdown has said it expects to introduce its new pricing model for funds in "early 2014" as it reported pre-tax profits of £195.2m, a jump of 28%.

ANNUITIES

Fund managers investing in Hargreaves Lansdown are torn on whether to add to positions as the company readies the next phase of its Retail Distribution Review (RDR)-friendly business model.

FIXED INCOME

The Association of British Insurers has launched the Annuity Window to help retiring pension investors get the best deal from their retirement income.

Hargreaves Lansdown is in talks with a number of fund groups to secure exclusive deals to sell their passive products at discounted prices.