View more on these topics

HL assets grow by £400m

Hargreaves Lansdown has increased its assets under administration by £400m since flotation in May.

Assets under administration grew from £10.2bn to £10.6bn between June 30 and September 30, the first quarter of its financial year.

The increase came through its Vantage platform, which saw assets rise from £9.1bn to £9.5bn. A further 5,000 clients signed up to the platform, bringing the total to 223,000.

Net inflows into the Vantage Isa were up by 70 per cent while Sipp sales rose by 50 per cent compared with the same period last year.

Chief executive Peter Hargreaves says the results are particularly encouraging as the FTSE All Share index fell by 2.6 per cent over the quarter.

He says: “It is difficult to draw too many conclusions from the first quarter of trading. However, we are pleased that despite the less favourable market conditions, we have continued to attract new clients into Vantage and existing clients continue to entrust us with more of their wealth.

“We remain confident of our prospects for the remainder of the financial year although the market will have some say in our overall performance.”


Divorcees to share PPF payouts

Pensions minister Mike O’Brien says legislation will be drawn up to allow Pension Protection Fund compensation to be shared in divorce settlements.

Online mortgage deeds are axed

The Land Registry says it will be scrapping online mortgage deeds and leases over concerns about fraud.

Late developers

It seems increasingly likely that we are approaching the end of the current economic and market cycle. The impending end game, while ultimately a cause for concern, may provide opportunities for profit as well as risks. The final stage of a bull market is often the most exciting phase although most of the profits made in the last upswing prove to be temporary in nature.

Sticking to valuation discipline when investing in China

Journalist Alexis Xydias discusses the opportunities – and potential pitfalls – of investing in China with Artemis fund manager Peter Saacke. With Peter holding significant positions in China in the Artemis funds he manages, journalist Alexis Xydias quizzes Peter on the risks of investing in Chinese stocks – including over-valuations, margin trading and financial reporting issues. Click here for video


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