Invesco and SJP face barrage of complaints
Record 4 million complaints made against financial services firms in first half of 2018
Record 4 million complaints made against financial services firms in first half of 2018
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Q3 updates deemed rosier than the latest figures from HL
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Fundsmith Equity shunned despite lower fees and longer track record than some constituents
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CEO blames weak investor sentiment for industry-wide slowdown in retail flows
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Initial changes will impact the £3.3bn Multi-Manager Income & Growth trust
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More firms favour a restricted advice approach
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Direct-to-consumer platform seeks to eat into wealth managers’ share of private client assets
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While London Stock Exchange and Hargreaves Lansdown deliver dividend growth
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Peter Hargreaves pans Brexit negotiations as the investment platform publishes its annual results
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JP Morgan Cazenove has downgraded Hargreaves Lansdown arguing its high price tag fails to reflect regulatory uncertainties, while Numis Securities has argued the retail platformer is a “structural growth story” with room for further earnings growth.
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Hargreaves Lansdown is one of four stocks that delivered double-digit returns in three portfolios managed by Nick Train, while co-founder Stephen Lansdown has also benefited from its soaring share price.
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HMRC’s decision to appeal a £15m tax ruling in favour of Hargreaves Lansdown leaves the investment industry in limbo over discount mechanisms on funds.
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