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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 pension ratings launched based on 500 advisers' views
Defaqto said it would provide an "unbiased assessment of the quality of service provided by individual pension product providers, based on advisers' experiences".
The ratings are based on a Defaqto survey of 500 advisers who deal in and advise on individual pension products.
As part of the survey, the advisers rated the importance they place on 41 aspects of service.
Respondents listed the individual pension providers they preferred and then rated their level of satisfaction with the service they received from them.
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Defaqto factors all of this data and information into the ratings and then marks the providers as Gold, Silver or Bronze, or not at all.
David Cartwright, head of insight and consulting (wealth and protection), at Defaqto, said: "Our ratings help financial advisers select appropriate product providers, based on their peers' perceptions of service.
"Following the recent pension reforms, advisers and their clients have significantly more options available to them, and our new ratings will serve advisers as a signpost as well as offering them post-recommendation assurance."
The ratings can be seen on the Defaqto website.
Meanwhile, Defaqto is holding a series of retirement road shows around the country next month.
In the week starting 2 June, the firm is running events in Southampton, Exeter and Glasgow, among other locations.
One of the main focuses of the road shows will be on how advisers measure, manage or mitigate risks for client with such a wide range of potential problems inherent within investments.
The series of CPD-accredited events are aimed at lifting the bonnet on the various risks that could affect clients and their money, and what sensible steps can be taken to help them achieve their goals.