Hargreaves Lansdown

Shares in D2C giant Hargreaves Lansdown fell today after analysts at RBC Capital Markets downgraded the stock on fears its share price will continue to struggle in the face of increasing competition.

Ian Gorham, chief executive of D2C giant Hargreaves Lansdown, saw his total pay climb to £10.6m this year after cashing in some long-term share options.

Price versus value debate still rages on

AXA Wealth is to launch a list of around 100 favoured funds in the mould of Hargreaves Lansdown's Wealth 150, to help advisers "cut through the noise" of fund selection and focus on funds with a record of outperforming.

Investors in all parts of the UK will face increased costs if Scotland votes for independence, Hargreaves Lansdown has warned.

Hargreaves Lansdown is taking aim at the low-end D2C discretionary market after announcing plans to unveil a new discretionary portfolio management service in 2015 with a minimum investment of under £10,000.

Although Hargreaves did not move to an unbundled pricing model until Q4 of its financial year, this week's results gave an early indication of the margin pressures it is facing.

Hargreaves Lansdown has reported a record pre-tax profit of £209.8m for the year to 30 June as it begins to deal with the initial impact of changes to its charging model and falling returns on cash.

The price war in the passive space continues to rage but some providers refuse to play ball, offering trackers with fees as steep as active funds.

Jupiter's James Clunie has been cutting back on a short position in Hargreaves Lansdown ahead of the firm's full year results tomorrow, as he begins to find "many, many ideas" for other companies to bet against.