Eight of the biggest annuity market players cut their rates in May, with Canada Life and Aviva both making a further cut on Thursday leaving retirees with stark options, analysis has found.
Hargreaves Lansdown's investment manager Ben Yearsley has left the firm, Investment Week understands.
Hargreaves Lansdown has said it "intends" to remain independent after the Retail Distribution Review (RDR).
Hargreaves Lansdown has licenced Staffcare to enhance its corporate wrap by adding total reward statements, flexible benefits and auto-enrolment administration facilities.
Hargreaves Lansdown co-founder Peter Hargreaves has seen his personal wealth fall by nearly £200m in the last 12 months, according to the latest Sunday Times Rich List.