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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.
Opperman survives May's Cabinet reshuffle
The DWP confirmed today that after two days of hectic reshuffling of Cabinet and junior ministers by Prime Minister Theresa May, Mr Opperman would remain in charge of the pensions and financial inclusion briefs.
There had been speculation during yesterday that Kit Malthouse MP, a new Parliamentary Under Secretary appointment at the DWP, would take the pensions brief after government failed to clarify early on what Mr Malthouse’s responsibilities would be.
Today, however, the DWP confirmed that Mr Malthouse would look after Family Support, Housing and Child Maintenance, replacing Caroline Dinenage MP who has moved to become Minister of State for Health and Social Care. This leaves Mr Opperman’s role unchanged. Alok Sharma MP also joined the DWP team yesterday as Minister of State for Employment. He will also look after Universal Credit.
He replaces Damien Hinds MPs who has become Secretary of State for Education, replacing Justine Greening MP.Mr Opperman was appointed Parliamentary Under-Secretary of State at the Department for Work and Pensions in June last year after serving as a Government Whip. He was elected Conservative MP for Hexham in May 2010 and replaced Richard Harrington MP who moved to a new role at the Department for Business, Energy & Industrial Strategy.
At the time of Mr Opperman’s appointment the Pensions Minister’s role was widened to include financial inclusion strategy. Mr Opperman has been a frequent campaigner on local issues including hospital closures and some have described him as on the "left" of the Conservative Party.He was educated at Harrow School and went on to read law at the University of Birmingham.
He 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 an amateur jockey and rode his first win in 1985.There are reports that new measures to tackle pension scams may be pushed forward in the near future.