View more on these topics

Baillie Gifford transfers £1.3bn to Hargreaves Lansdown

Hargreaves Lansdown
Hargreaves’ offices in Bristol

Baillie Gifford is set to transfer its investment trust savings scheme to Hargreaves Lansdown.

The scheme, which includes its Isa, Share Plan and Children’s Savings Plan, is being moved as Baillie Gifford says the long-term interests of the plan holders will be “best serviced” by a transfer of investments to the the direct-to-consumer platform. More than 21,000 plan holders, which account for £1.3bn in funds under management, will be transferred to Hargreaves Lansdown.

Baillie Gifford says it selected Hargreaves Lansdown after a “robust and detailed process” which they focused on quality of service, cost, breadth of proposition and experience of managing account transaction. All Baillie Gifford managed investment trusts are currently available on the platform.

Money Marketing launches DFM Centre

Plan holders are currently being contacted with further details of their transfer and options, and during the transition the existing plan investors will still be able to add to their respective plans. Baillie Gifford has agreed not to change the current charging level across plans for a period of three years from the agreed transaction date. It is currently closed to new investors. The Isa annual charge is currently £32.50 plus Vat, while the Share Plan and Children’s Savings Plan have no annual charges.

Baillie Gifford director of retail marketing and distribution James Budden says: “The increasing variety, capability and cost effectiveness of investment platforms in the wider savings market has led us to decide plan holders of our investment trust savings scheme are best served by a specialist platform.

“We selected Hargreaves Lansdown for a number of reasons, including its ability to offer efficient access to our entire investment trust range through a broad selection of savings products.”

Hargreaves Lansdown chief executive officer Chris Hill says the group is “pleased to welcome” Baillie Gifford clients to the platform.



FOS criticised over DB transfer claim handling

A better way must be found to manage claims against IFAs on defined benefit transfers, as the current settlement process is untenable, experts say. In the latest edition of Money Marketing’s series of live debates, MM Wired, Delta Financial Management director Jarrod Ellis, O3 Insurance Solutions managing director Jamie Newell and Libertatem director general Garry Heath […]

Why SSASs shouldn’t be overlooked for your pension planning

This year marks the 30th anniversary of Sipps, but a small self-administered scheme could provide a useful alternative in some circumstances Self-invested personal pensions have rather overshadowed small self-administered schemes, and SSASs are often overlooked when it comes to pension planning. There are, of course, differences between a Sipp and SSAS, not least of which […]


Auto-enrolment arrives but is it a done deal for small firms?

When business secretary Vince Cable told the Liberal Democrat party conference he had defeated the Tory “headbangers” who “find sacking people an aphrodisiac”, there was little doubt who he was thinking of – Adrian Beecroft. The Beecroft report, which was commissioned by the Government and published in October last year, contains a series of radical […]


Clients in the UK and the US: More different than alike?

About this time last year, Vanguard introduced our paper The evolution of Vanguard Adviser’s Alpha®: From portfolios to people in the United States. It explored our vision of the future of advice, and what advisers need to do in order to remain relevant and profitable. One of the more interesting (and controversial) findings of the paper was […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm