Client cash levels continue to rise at Hargreaves Lansdown
FCA issued a warning to firms
The firm generated £91m in revenue from interest on client cash, up 24%
Cash levels at Hargreaves Lansdown (HL) swelled a further 23% in the six months to 30 June, up to £13.6bn, as investors fail to reinvest or withdraw their money.
Money left uninvested on the platform could result in the firm earning interest on clients' cash rather than the individuals' themselves. It comes amid concerns from the Financial Conduct Authority (FCA)...
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