View more on these topics

Hargreaves introduces 0.5% Sipp ‘loyalty bonus’

UK Currency Sterling Pound Coins Money 440

Hargreaves Lansdown is introducing a 0.5 per cent a year “loyalty bonus” for its 120,000 Sipp investors.

Hargreaves says the bonus will be available on over 1,000 investment funds from January next year and will increase the value of clients’ pension pots by £6m in the next 12 months.

Pensions managing director Alex Davies says: “Hargreaves Lansdown already provides over £200m a year in discounts and rebates to clients.

“Technology improvements and greater economies of scale mean we can now bring our Sipp discounts up to the same level as our Isa. In doing so we expect to boost our clients’ pensions by £6m in the next year.”


News and expert analysis straight to your inbox

Sign up


There are 3 comments at the moment, we would love to hear your opinion too.

  1. either smacks of systems inabilities to reduce charges or marketing. either way they are on the slide

  2. The 0.5% mentioned in the article is a bit misleading. As per their ISA the rebates are mostly in the 0.1-0.2% range in practice..

  3. This is classic spin. What this actually means, is that disclosure regs will make it transparent to customers that HL have been taking a huge slice of any fund manager rebates, which they will now have to give up.

    They are giving back most of what they should not have been taking in the first place.

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