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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.

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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.

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