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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.
Over 5,000 firms meet auto-enrolment duties
The latest figures from the regulator showed 5,431 firms have confirmed they registered and completed a declaration of compliance between July 2012 and December last year.
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The regulator's updated forecast of the number of employers due to become subject to automatic enrolment duties by 2018 showed around 30,000 medium sized employers reaching their 'staging dates' between April and the end of 2015.
The forecast is aimed at assisting pension and payroll software providers, and financial and business advisers with capacity planning.
Charles Counsell, executive director of automatic enrolment, said: "The clock is ticking for thousands of medium sized employers across the UK – employing 50-250 workers – who need to meet their legal duties to provide a workplace pension.
"Payroll software and pensions providers, financial and business advisers all have a role to play in preparing for the busy times that lie ahead. "
The latest wave of advertising, in newspapers, radio and online aimed at raising awareness of the changes to workplace pensions and the actions employers need to take began this week.