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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 chair of Treasury Select Committee revealed
The winner of the contest to succeed Ms Morgan is Mel Stride, MP for Central Devon and former Leader of the House of Commons and Financial Secretary to the Treasury.
Mr Stride won the contest with 263 votes of 511 cast in the second stage beating off competition from Kevin Hollinrake on 175 votes and Harriett Baldwin, who got 67 votes.
Former chair Nicky Morgan said: “Based on his record as an MP and Minister, I know that Mel would provide excellent, inclusive, impartial and fair leadership of the hugely important Treasury Select Committee at this critical time in Parliament.”