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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.
Former barrister and amateur jockey is new pensions minister
He was appointed as Parliamentary Under-Secretary of State at the Department for Work and Pensions as of yesterday. He served as a Government Whip (Lord Commissioner of HM Treasury) from 17 July 2016 to 14 June 2017 and was was elected Conservative MP for Hexham in May 2010.
He replaces Richard Harrington who has moved to a new role at the Department for Business, Energy & Industrial Strategy.
Mr Opperman was educated at Harrow School and went on to read law at the University of Birmingham. He also gained a first class diploma from the University of Lille.
Guy previously served as Private Parliamentary Secretary to Mark Harper, the then Immigration Minister and served as an Assistant Government Whip from May 2015 until July 2016.
He was was called to the bar in 1989 and spent 20 years as a barrister. and was also Director of his family’s engineering business until 2009.
Outside of work he is is an amateur jockey and rode his first win in 1985. The DWL says his title will be Parliamentary Under Secretary for Pensions and Financial Inclusion and his ministerial responsibilities will be confirmed “in due course.”
There are reports that measures to tackle pension scams may be included in the forthcoming Queens Speech and this may be part of his role.