Wealth and Asset Management
UBS: Sell Hargreaves Lansdown and AJ Bell on consumer duty risk
Analysts at UBS have initiated a ‘sell’ rating for Hargreaves Lansdown and AJ Bell on ‘a material risk’ that the platforms’ cash margin does not offer fair value under the FCA’s consumer duty. The analysts, in their first coverage of both firms, estimate that up to 80% of AJ Bell’s…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Citywire