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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.
Suffolk Life expands sales team following adviser demand
Nick Giles has joined from his role as a financial adviser with Lighthouse Financial Advice while Lauren Bishop joins from Suffolk Life's adviser support team.
The seven-strong sales team, led by Ray Hart, work together with Legal & General and Cofunds to distribute Suffolk Life Sipps.
Mr Hart said: "Advisers are demanding increased support, especially for more complex cases such as commercial property. Being able to develop relationships with knowledgeable people who they know remains very important to them.
"When we talk about the pressure of legislative and regulatory change in the pension market, those of course affect advisers too."
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Over the past few months, Suffolk Life has acquired the books of Sipp business from Pointon York, Pearson Jones and Origen.
Greg Kingston, head of marketing, said: "Advisers increasingly understand the pressures facing Sipp providers, and what that may mean for their clients. They're taking more care to undertake good due diligence to make sure they're recommending sustainable, long-term providers."