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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.
Financial adviser firm hires SIPP / SSAS specialist
Phil Newton joins the company, having most recently worked with financial services and technology firm True Potential, where he was responsible for the distribution of its True Potential Portfolios.
Mr Newton has also worked for James Hay Partnership previously as well, where he was responsible for SIPP and SSAS specialist distribution to the UK IFA community.
The role of director of recruitment has been newly created by Sandringham Financial Partners and Mr Newton said: “Having worked with Tim (Sargisson) during our time at James Hay, I am thrilled to be joining him again at this exciting time in the firm’s development. Sandringham has invested heavily into the technology supporting its offering, creating a very impressive and robust proposition and I have no doubt that this will be hugely appealing to a range of advisers.”
Sandringham chief executive, Tim Sargisson said: “We are delighted that Phil is joining us to spearhead our drive to recruit partners who are looking to join an advice business with a true customer- centric proposition. The fact that someone of Phil’s calibre has chosen to join Sandringham is testimony to the strength of our partner offering and we look forward to him joining the team.”