News

Shares in Hargreaves Lansdown fell at the open this morning as investors digested news of the group's pricing overhaul which sees them charge clients a platform fee directly for the first time.

Jupiter has reported net fund flows of £458m for Q4 2013, taking its total assets under management to over £30bn for the first time.

Scott Goodsir, head of UK wholesale at BNY Mellon, is leaving his role after 15 years at the company to become head of UK distribution at Skandia.

Martin Wheatley, the chief executive of the Financial Conduct Authority (FCA), has said the regulator regrets the time it took between the conception of a Retail Distribution Review (RDR) in 2006 and the roll-out of new rules more than six years later....

Hargreaves Lansdown's unbundled price structure will see it charge an annual fee of 0.45% for sub-£250k clients, with the firm having also negotiated an average AMC for new 'Wealth 150+' funds of just 0.54%.

A group of Lifemark-backed Keydata bond investors are renewing their efforts to organise a public inquiry into the collapse of the investment scheme nearly five years ago, by lobbying their MPs to act.

Nucleus is considering launching a direct-to-consumer (D2C) platform in an effort to better serve the 6,000 orphaned clients it currently redirects to Hargreaves Lansdown each year.

Morgan Stanley has upped its price target on Hargreaves Lansdown by 50% after the bank's analysis suggested consumers are prepared to pay more for advice and platforms than previously anticipated.

Pioneer Investments has launched a UK version of its Absolute Return Bond fund, run by Tanguy Le Saout and Cosimo Marasciulo.

The FTSE 100 was down as much as 0.5% this morning, mimicking losses seen globally, as investors reacted to poor economic data.