Update: Hargreaves Lansdown CEO refuses bonus

Until Woodford suspension ends

Chris Hill, CEO of Hargreaves Lansdown

Chris Hill, CEO of Hargreaves Lansdown

Hargreaves Lansdown (HL) CEO Chris Hill has announced he will be waiving his multi-million pound bonus in the wake of the fall-out from the suspension of the LF Woodford Equity Income fund.

After previously apologising to investors, the CEO Chris said he will not take his bonus, upwards of £2m a year, until the fund has re-opened.  He said: "Until investors are able to access their money held with Woodford Equity Income, I will not be taking a bonus." The move adds to the pressure placed on Neil Woodford as he continues to charge his investors 0.75% per year, amid calls from the Treasury Select Committee's Nicky Morgan and HL to waive fees. In the wake of the suspension of the Equity Income fund in early June, HL removed the fund from its Wealth 50 and ceased to char...

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