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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.
James Hay reshuffles senior management
The Sipp and platform provider, has appointed Pete Burtonshaw as chief operating officer and Paul Bagley as director of distribution development. Mr Burtonshaw joins from Openwork where he was interim head of strategic integration. Prior to that he was head of platform development at Fidelity. Mr Bagley joins from Cofunds, where he is head of regional sales.
In addition, the business says it is recruiting a commercial director and expects to be able to announce the successful candidate in the coming weeks.
James Hay says the appointments are part of a wider restructure of the senior management team. Richard Valentine, currently chief operating officer, becomes managing director of Bristol operations; Phil Newton, currently national head of sales & technical development, becomes director of sales and technical support and Chris Smeaton, currently head of marketing and product, becomes director of marketing.
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Alastair Conway, chief executive, said: "When I joined this business six months ago I inherited an extremely strong management team that drew on its expertise and inexhaustible drive to see the business successfully through RDR. The addition of Pete's extensive experience, especially around supporting the customer journey, will ensure we're equally successful in navigating the new challenges that lie ahead.
"Being able to attract people of the calibre of Pete and Paul speaks volumes for the strategic direction of the business and we're very fortunate to have them join the team. However, it works both ways as I believe they're very lucky to be joining a business that is as energised as James Hay is right now. We're not only able to attract key talent but also retain it as evidenced by Richard taking the helm in Bristol. This is an exciting time to be part of James Hay because we've got our sights set firmly on an even bigger and better future for both our pensions and platform business."