Hargreaves Lansdown

Gartmore CEO Jeffrey Meyer says the group's downfall over the past 12 months has "exceeded all nightmares" and believes getting out of the public markets could be best for the firm.

The Pension Income Choice Association (PICA) has appointed Fidelity UK managing director Gary Shaughnessy to its management board.

Individuals paid £1bn less into personal pensions over 2009/10 than the previous year, according to HMRC figures.

The IMA will consult with advisers on potential changes to the Cautious Managed, Absolute Return and Global Growth sectors as part of a wider review of its fund classification system.

Hugh Hendry has hit out at Hargreaves Lansdown for axing his Eclectica Agriculture fund from its Wealth 150 list, labelling the group's reasons for removing the fund as ‘mystifying'.

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Hargreaves Lansdown saw assets under administration increase by 14% during the third quarter, traditionally a quiet period for the firm, driven largely by positive markets.

Hargreaves Lansdown forecasts the government will cap pension tax relief at between 20% and 40% ahead of the Treasury's policy announcement on Thursday.

Lowering the annual pension contribution allowance to £40,000 could persuade some middle-management public servants to take up career average schemes to avoid harsh tax penalties, pensions expert Tom McPhail says.

New Hargreaves Lansdown chief executive Ian Gorham has been granted 1.3 million shares worth more than £5.7m under the wealth manager's executive share option scheme.