View more on these topics

Hargreaves Lansdown’s Sipp investments leap 50%

Hargreaves Lansdown’s third quarter revenue rose following growth across its private investor platform and advisory and discretionary divisions.

Investments into Sipps at the IFA business jumped 53 per cent over the past tax year to £1.16 billion.

But poor market conditions contributed to a 2 per cent fall in assets under management, with the firm holding £10.7bn assets under administration at the end of March.

Direct-to-private investor fund supermarket and wrap platform Vantage’s assets dropped to £9.6bn from £9.8 billion in December.

Vantage however saw revenues climb by nearly a third, 31 per cent, on last year. Advisory division revenue rose 31 per cent to £3.8m and the discretionary divisions’ revenue increased 32 per cent to £2.5m. The company says the increased revenue was driven by rising average asset values.

New Isa contributions also rose by 2 per cent to £430 million, according to the interim management statement released on Wednesday.

Hargreaves Lansdown chief executive Peter Hargreaves says: “It is pleasing to report that despite the market creating poor trading conditions for the tax year ended 5th April 2008, we have taken more into our Isa and our Sipp than in the previous year.

He adds: “We expect market conditions to remain challenging but will continue to innovate and exploit any opportunities the market presents. As always, our asset values, revenues and profitability will be impacted by the performance of the market.”


Industry facing £28m FSCS levy

The financial services industry will be asked to contribute £28.3m towards the Financial Services Compensation Scheme levy for 2008/09, down by £2.4m from original estimates.

MPs lack business experience

Nearly three-quarters of politicians have no experience in business management or financial services, according to Parliamentary research.A study by research consultancy ComRes found that 72 per cent of MPs have never worked in business or financial services while only 21 per cent have more than five years experience and 13 per cent have 10 years […]

Leadership qualities

The mortgage industry is not in the business of offering charity. There is regulation to be adhered to, there are customers or clients – take your pick of the terminology – to be served and serviced. There is money to be made within the law and within regulations.

Johnson Fleming is a finalist at UK Pensions Awards 2016

The UK Pensions Awards shine the light on excellence and recognise the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members. This year’s awards looked at advisers and providers across 31 different categories and were rigorously judged by a panel of senior […]


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