Hargreaves to move to clean fee share classes
Peter Hargreaves, executive director of platform giant Hargreaves Lansdown, has revealed the business intends to move all its clients over to clean fee share classes to meet regulatory changes.
Hargreaves, head of the country’s biggest D2C platform with assets under administration of £26.3bn, said he expects the FSA to move towards a commission-free world, but added his business needs clarity...
To continue reading...
Register Now
Join the best informed investment professionals on Investment Week and enjoy:
- Expert analysis from highly regarded columnists.
- An extensive content archive allowing you to build effective propositions for your customers.
- The latest investment news allowing you to stay ahead of your competitors.
More on Platforms
Nucleus wins Platform of the year accolade at 2016 UK Platform Awards
Transact named Platform of the decade on ceremony's 10th anniversary
Platforms suffer lowest sales since 2014 on Brexit fears
Sales fall to £9.6bn
AIC's Sayers: Cofunds acquisition 'important step' for investment trusts
Trusts becoming more accessible
Update: Aegon buys Cofunds for £140m to become industry's biggest platform
L&G sells off adviser platform after months of speculation
More news
FCA's Bailey: We do care about culture in financial services firms
More progress needed on Senior Managers Regime
Aberdeen's Gilbert warns on bond bubble brewing
'Dangerous situation' as prices reach record high
Coupland Cardiff seeks to raise £20m for Japan Income & Growth trust
Seeking to improve liquidity
Managers to Watch: Sanlam FOUR's Lorenzo Dicorrado on how the greatest damage can be done by being single-minded
Multi-manager turned stockpicker Lorenzo Dicorrado is a fund manager at Sanlam FOUR on the £69m Global Equity and £113m Stable Global Equity funds.
Calls to action on gender diversity in investment management
Working to close the gender gap has become a priority for many corporates, and in particular asset management firms in recent years.