Hargreaves Lansdown

Hargreaves Lansdown has ruled out the prospect of taking marketing fees from fund groups or allowing advertising on its website, saying it wants to offer a 'transparent' fee structure when new regulations are implemented next year.

EYE-CATCHING

A number of wealth managers have privately warned fund groups they will be less inclined to recommend funds which give preferential prices to the biggest distributors in the market, Investment Week understands.

Fund supermarket Hargreaves Lansdown is continuing to shun investment trusts despite bolstering its research into the sector over the past year.

CHINA

Hargreaves Lansdown is planning to secure "as good if not better" terms with fund groups on super clean share classes as Standard Life, after the latter announced it had secured preferential deals with 15 fund providers.

Hargreaves Lansdown has written to clients invested in the Schroder UK Alpha Plus fund, previously run by Richard Buxton, stating the new management team is not of the same 'calibre' as the veteran investor, and provided documents to enable them to switch...

The Financial Conduct Authority (FCA) has asked Hargreaves Lansdown to disclose details of its negotiations with fund groups over clean share class pricing.

FIVE THINGS

Data from The Pensions Regulator (TPR) shows 97% of surveyed DC schemes provide support to members wishing to exercise their open market option.