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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 hires new commercial director
Mark Fleet who will join at the end of July, previously worked for Skipton where he was chairman of the building society’s advice arm and distribution director.
His previous roles include managing director at AWD Moneyextra and chief operating officer at Chase de Vere.
Alastair Conway, chief executive said: “I know that Mark’s wealth of experience both sides of the advice fence will be brought to bear on building on the foundations of a very successful 2014 for the business. He is a great addition to my executive team.”
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Mark Fleet said: “I'm delighted to be joining a company which is clearly putting the people who matter, investors and their advisers, at the forefront of its thinking with its flexible and fair approach to pricing - whereby clients only paying for what they use, while they use it.
“The changes in the market place mean that James Hay, with its approach to retirement wealth planning and extensive choice of both investment and drawdown options, is ideally placed to become the leading platform for retirement wealth planning.”