Hargreaves Lansdown

Fidelity has undercut Hargreaves Lansdown with its new pricing structure, introducing an AMC of 0.35% for clients with total assets up to £250,000.

Meera Hearnden, senior analyst at Hargreaves Lansdown, is to exit the business at the end of this month.

One story dominated the headlines this week as Hargreaves Lansdown revealed its new pricing structure, but an insider dealing investigation and some fund tips for 2014 also enthralled readers.

Alliance Trust Savings (ATS) is offering £150 cash back to customers who open a new account and transfer their investment from another provider to an ATS ISA or individual dealing account (IDA).

Nick Train, a long-term backer of Hargreaves Lansdown, has said the platform's assets could hit £240bn by 2020 - a figure which would mean adding £200bn in AUA over the next six years.

Hargreaves Lansdown has been urged to end a pricing 'anomaly' that could otherwise mean wealthy clients miss out on the benefits of its new pricing structure.

Hargreaves Lansdown has been tipped to add the £3.5bn in assets needed to replace the revenues lost from its clean pricing model in just nine months by consultancy the Platforum as it continues to 'dominate' the D2C space.

Platform giants Standard Life and Fidelity have attacked Hargreaves Lansdown over its new pricing structure following its release yesterday.

Hargreaves Lansdown has said 20% of its clients will see fees go up as a result of its charging overhaul, although it added these clients are able to cut their charges by changing the way they invest.

Hargreaves Lansdown has revealed it was offered share classes for its new 'Wealth 150+' fund range with annual management charges as low as 0.25% for active equity funds.