Wealth and Asset Management
Hargreaves could lose kickbacks after FSA revises platform rules
Hargreaves Lansdown may lose between £200m and £1bn a year in fund manager kickbacks under the FSA’s plans to ban cash rebates and provider payments, figures suggest. The Bristol-based advisory firm, founded by Peter Hargreaves and Stephen Lansdown in 1981 and now one of UK’s biggest execution-only businesses, had so…
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Click here to read the full story: FT Adviser