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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.
Provider adds platforms to Sipp investment panel
The company said the AXA Wealth wrap platform, Elevate, and the Cofunds platform have been added.
Advisers who hold a Barnett Waddingham Flexible Sipp have access to both the platforms and their full investment ranges enabling them to research, create and manage client portfolios in one place.
Julia Bassett, chief executive of BW Sipp, said her firm was “committed to providing advisers with a wide range of investment options” and was continuing to expand the range of investment options for clients.
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She said: “Adding well-known names such as AXA Wealth and Cofunds and to our panel helps meet demands for a greater choice of Sipp investment solutions and being able to combine mainstream and bespoke choices.”
Steve Owen, head of proposition, AXA Wealth, said: “AXA Wealth joining the investment panel will give advisers and clients more choice when selecting the right investment solution that suits their needs.”
Martin Wigginton, head of product at Cofunds, said: “Our presence on the panel not only gives direct access to our range of funds, but also the peace of mind of a provider with a B+ financial strength rating and the backing of Legal & General.”
Barnett Waddingham administers over 2,400 SSASs with over £4.3bn of assets under administration and over 3,200 Sipps representing over £1.2bn of AUA, including over 1,100 properties.