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Hargreaves Lansdown hits landmark 2m clients
Investment platform and SIPP provider Hargreaves Lansdown has notched up its milestone 2 millionth client and has also seen record assets under management, according to its 2025 Annual Report.
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Failed SIPP firm clients updated ahead of legal judgment
Clients of failed SIPP provider Hartley Pensions Limited - who have had funds ring-fenced - have been given an update from joint administrators UHY Hacker Young ahead of a legal judgment expected in late October.
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JPMorgan to replace Nutmeg with new investment platform
JPMorgan is to launch a retail wealth management and investment business with its own DIY investment platform next month.
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5 year gap between dream retirement age and expectation
While people dream about retiring at 62 they do not expect to be able to retire until they hit 67, according to new research.
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Sales of escalating annuities surge
Sales of escalating Guaranteed Income for Life annuities that have some inflation protection, accounted for a fifth of all sales in 2024/25 and have increased by 17% year-on-year.
New pensions exam unit launched by professional body
Available from January, the Life and Pensions Foundations exam unit has been developed following CII commissioned consumer focus groups in collaboration with senior representatives from firms in this area of the industry.
It is aimed at new entrants, front-line contact centre staff and those working in “customer-facing functions” and will complement employers’ staff induction processes.
Completion of the unit will lead to a recognised qualification – the CII Level 2 Award in Life and Pensions Foundations.
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Steve Jenkins, director of financial services, said: "We recently organised a series of consumer focus groups to gauge the public’s perspective of the Life and Pensions sector and give us a better understanding of how best to aid the market in addressing their clients’ needs.
"The results of this work revealed that demonstrating high standards of professionalism is vital to ensuring public trust and confidence, particularly in light of pension freedoms where the sector has a huge role to play.
"Working with 18 Life and Pensions employers, including product and service providers, we were able to develop the outline for this new exam unit. And in doing so provide those in related roles with the essential and ongoing knowledge of topics key to the delivery of a customer focused culture."
Enrolments opens in January and includes a complete programme for a single fee: a study text with updates, RevisionMate online study support, including specimen exam and answers, and entry to the multiple choice question tested exam.