Hargreaves Lansdown

Peter Hargreaves has criticised ministers for failing to shore up the economy, and omitting to "look in their own backyard" for solutions to the problem.

Hargreaves Lansdown co-founder Stephen Lansdown is to step down from the board in November the group said today, after revealing profits had jumped 21% in the last year driven by revenues from its Vantage platform.

Peter Hargreaves and Stephen Lansdown, the founders of Hargreaves Lansdown, are in line for dividend payouts of around £40m when the broker reveals its results this week, according to reports.

Adrian Lowcock has left Bestinvest to join Hargreaves Lansdown.

Standard Chartered's reputation and shares were dealt a hammer blow last week as the New York state regulator claimed the British bank had hidden $250bn of trades with Iran, putting its US banking licence at risk.

Non-advised platform assets under administration will grow at a compound annual growth rate of 71% between 2011 and 2014, according to figures from Deloitte.

Hargreaves Lansdown is confident its business model has the flexibility to cope with the ban on platform rebates proposed today by the Financial Services Authority (FSA).

Hargreaves Lansdown's investment manager Ben Yearsley has left the firm by mutual agreement.

Hargreaves Lansdown has said it "intends" to remain independent after the Retail Distribution Review (RDR).

Hargreaves Lansdown co-founder Peter Hargreaves has seen his personal wealth fall by nearly £200m in the last 12 months, according to the latest Sunday Times Rich List.