Hargreaves Lansdown
ANALYSIS: Is Barclays’ new platform the start of Fintech 2.0?
Barclays’ announcement on Monday that it has launched an execution-only platform should come as no surprise. But, it should serve as a reminder to wealth managers not to get too complacent.
UK platform sales plummet to lowest point since RDR
Net fund flows via UK platforms fell to £8.6bn ($10.7bn, €10bn) in the third quarter of this year, the lowest level since RDR was introduced in Q1 2013, according to the latest Fundscape Platform Report.
HSBC sees profits slide after shedding Brazil business
HSBC reported an 86% decline in Q3 profits having sold its Brazilian business, changed its credit spread, and faced a strengthening US dollar.
Retirement | 18 Oct 16
UK government drops secondary annuity market plans
The UK government has scrapped plans to set up a secondary market in annuities saying “it has become clear that creating the conditions to allow a competitive market to emerge could not be balanced with sufficient consumer protections”.
United Kingdom | 13 Oct 16
Hargreaves revenues up, but inflows drop
Shares in Hargreaves Lansdown fell 2% this morning on the back of mixed results for Q3 – revenue was up 15% to £90.6m, but inflows dropped 22% compared to Q1.