Hargreaves Lansdown

Hargreaves Lansdown is planning to launch a rebate-free charging model at the start of next year following the latest platform paper from the regulator.

The Financial Conduct Authority (FCA) is to permit rebates from fund managers to platforms in cash, provided they are passed on to consumers in full in the form of additional units.

Hargreaves Lansdown is planning to cut its Wealth 150 list down to as few as 30 funds as it looks to adapt to the new pricing world post-Retail Distribution Review (RDR).

Hargreaves Lansdown co-founder Stephen Lansdown has sold 5.5m shares in the wealth manager, bringing his stake in the company down below 20%.

Steve Webb's pot-follows-member pension policy will make it easier for people to manage multiple pension pots but clarification is needed on the role of advice, Aegon has said.

The "high profile" of Tesco will boost retirees' inclination to shop around for the most appropriate pension income product after the supermarket giant announced it is to launch an annuity comparison service, according to Tom McPhail.

FIVE THINGS

Peter Hargreaves is now the country's 47th richest person, with a fortune of more than £1.5bn, according to the 2013 Sunday Times Rich List.

Hargreaves Lansdown has topped the FTSE 100 index in early trading after reporting record levels of assets under administration in its quarterly results this morning.

In this week's quick fire Retirement Planner poll we ask: Given recent coverage of enhanced annuity commission charged on Hargreaves Lansdown's annuity search engine - how much commission is too much?