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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.
Amber Rudd appointed new Work and Pensions Secretary
Ms Rudd quit as Home Secretary in April over her handling of the Windrush scandal.
The 55-year-old MP for Hastings and Rye admitted having “inadvertently misled” MPs over targets for removing illegal immigrants but a subsequent inquiry found she was let down by officials.
Her return to the frontbench was backed by fellow Cabinet members Sajid Javid and Liz Truss.
Mr Javid tweeted: “Thrilled to see @AmberRuddHR back in the Cabinet!”
Ms Truss also took to Twitter, writing: “Great to have @AmberRuddHR back at the Cabinet table. #ruddygood.”
North East Cambridgeshire MP Steve Barclay replaced Dominic Raab as Brexit Secretary, it was announced on Friday afternoon, after he too resigned following Mrs May’s draft deal with the EU.