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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.
AXA Wealth to enhance Sipp offering after strong first-half results
Assets under management for the firm's pension and onshore bonds grew by 20 per cent from £7.8bn to £9.3bn.
Offshore assets under management grew by nine per cent grew from £8bn to £8.8bn.
The Sipp, the Elevate Pension Investment Account, offers a wide range of funds including unit trusts, OEICS and collective investment schemes.
It also runs Family Suntrust which is a Sipp designed for families or business partners to want to invest together.
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Mike Kellard, chief executive at AXA Wealth, said: "We are seeing strong growth across our more mature specialist products range- including our self-invested personal pension and offshore business, for which further enhancements will be introduced later this year. I believe good service will be a key differentiator for advisers over coming years."
Assets on the Elevate platform increased by 48 per cent from £4.3bn to £6.4bn. Elevate saw a 52 per cent increase in inflows from advisers to £945m. June inflows were up 96 per cent year on year and 56 per cent went into clean share classes. Total AXA Wealth assets increased by 21 per cent from £20bn to £24.3bn.