View more on these topics

Does HL have the credentials to be a tipster?

I have been interested to note the amount of exposure that Money Marketing has given over the last few weeks to the wealth list published recently by Hargreaves Lansdown.

The wealth list, for anyone not having read Money Marketing of late, is Hargreaves Lansdown&#39s list of the 150 funds it considers to be worthy of consideration by investors, leaving the remaining 1,650 out in the cold. Given the amount of execution-only business which Hargreaves Lansdown produces, I am sure that the various investment houses will be falling over themselves to get on to this preferred list.

But any prospective client might reasonably question Hargreaves Lansdown&#39s credentials in picking winners by considering the performance of the company&#39s in-house portfolios (as promoted by its now defunct advisory arm) prior to them being wound up a while ago. During their lifetime, the portfolios were constituted from various funds considered by Hargreaves Lansdown as being best of breed. Did these portfolios outperform their respective benchmarks? I would be happy to know the answer.

Personally, I would much sooner rely on the much more extensive research and analysis capabilities of Standard & Poor&#39s.

Name and address supplied


Hop it hobbit

Last week, the Diary did something it has never done before. It read something in its downmarket rival twice. The Diary was flabbergasted, discombobulated, even. Was there really a complaint from two hacks that after being treated to the premiere of Lord of the Rings 3, a PR executive had failed to deliver a taxi […]

Friends Prov offers tax tool

Friends Provident is offering IFAs a friendly hand with client tax self-assessments this year as the deadline for returns draws near.Tax self-assessment forms are due on January 31 for the 2002/2003 year and Friends Prov is providing its free on-line My TaxFriend tool which offers guidance through the form, along with automatic completion of complex […]

Accounting for change

I cannot believe reports in the papers about what is happening with pensions. As a nonregulated accountancy firm, is there anything we should be doing for ourselves but, more important, is there anything we should be doing for our clients? Chancellor Gordon Brown is not prepared to discuss the £1.4m lifetime limit. He has asked […]

Standard says financial position stronger than last year

Standard Life says its financial position is “very strong in relative and absolute terms” and says its fund for future appropriations – a key measure of solvency – increased by 40 per cent last year. Standard says its fund for future appropriations increased to £4.5 bn for the year to November 15, 2003, from £3.2bn […]

Cricket - thumbnail

England vs Australia: pensions

Well, the cricket season is here, and England and Australia are stepping up to the wicket. Although we compete with each other in the sporting world, when it comes to pensions, Australia’s pension programme is held up as a model for our auto-enrolment initiative. Auto-enrolment was introduced because people weren’t saving enough into their pensions, and it is still early days but signs are positive. However, in Australia, saving into a pension is compulsory, and in fact employers are the ones who have to pay in. Employees in Australia can make additional contributions into their pensions, but they don’t have to. Should the onus be on the employer or employee to save? Well in the UK we think it’s both, but to get ‘adequate’ savings for retirement it’s the employee who has to pay more in.


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 thought leadership.

    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