Hargreaves Lansdown client growth surges as takeover looms Investing Hargreaves Lansdown’s client growth surged to 18,000 in the last quarter as the investment platform’s private equity takeover approaches. However, despite the growth, which compared to just 8,000 new customers in the same quarter last year, new assets coming into the platform dropped. Hargreaves Lansdown reported just £500m in net new business, compared to £600m [...]
AJ Bell says Budget jitters are causing investors to pull pension money Investing AJ Bell has warned uncertainty around Rachel Reeves’s Budget this month is causing investors to pull pension money from its platform and hold off contributing to their retirement pots. In a trading update for its financial year to September, the FTSE 250 firm said it had seen an acceleration of cash exiting the platform amid [...]
Fidelity and Abrdn among backers of new investment platform trade body Investing Fidelity and Abrdn are among the big names to have joined a new trade body for online financial sites as the industry faces regulatory scrutiny and a government shake-up.
FCA cracks down on unregulated crowd investment schemes August 26, 2024 The Financial Conduct Authority has begun a crackdown on crowd funding investment schemes that see investors diving into unregulated share offers. Odin, a service that helps private companies pool investments, has revealed that the regulator had told it to stop taking on new customers until it changes its operating model. “The FCA has come to [...]
Tillit: How one investment platform is trying to change the industry July 31, 2024 The CEO of one of the newest DIY investment platforms has called on her competitors to up the quality of their investment information.