Hargreaves Lansdown

Up to 200,000 people will cash in their pension next year, netting the Treasury an additional £1.6bn in tax, according to research from Hargreaves Lansdown.

The Money Advice Service (MAS) has urged providers to make funds more transparent as they prepare to roll out new retirement-focused products following pension reforms.

Investors using direct to consumer platforms are now among the largest shareholders in investment trusts, as a post-RDR revival for the sector gets underway.

Barclays is seeking to include a D2C discretionary investment service offering model portfolios to clients in its relaunched consumer platform proposition, Investment Week understands.

The FTSE 100 was in the red once again today following losses around the globe overnight, with Hargreaves Lansdown and luxury goods retailers Burberry and Mulberry both taking a tumble on slowdown fears.

Hargreaves Lansdown has said the low interest rate environment will continue to impact its revenues for the remainder of the year, with the business also ruling out any further moves on price for now as investor confidence wanes.

Hargreaves Lansdown has selected Smith & Williamson and Brooks Macdonald as its preferred partners for bespoke discretionary asset management services.

Baillie Gifford has lifted its stake in Hargreaves Lansdown to over 5%, taking advantage of a fresh slump in the D2C platform's share price last week.

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.