Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Hargreaves Lansdown delays RDR pricing announcement

1 comment
Hargreaves Lansdown delays RDR pricing announcement

Hargreaves Lansdown has delayed announcing its retail distribution review pricing structure until early next year.

The discount broker had been set to unveil its unbundled charging structure at the end of this year, and will be required to implement the new structure from 6 April 2014.

It said in a statement to the market it said that the extra time would 'allow us to refine the Wealth 150 review and overall proposition so that we ensure we achieve the best results for our clients.'

Chief executive Ian Gorham (pictured) said: 'We note recent unfounded press speculation about Hargreaves Lansdown's pricing, but at this stage details of our final charges are yet to be confirmed.

'We are delighted with the results of our tender to fund managers seeking market leading fund charges for our clients.

'We look forward to announcing the pricing structure in early 2014 and implementing it before the regulatory deadline of 6 April 2014.'

Hargeraves has said its unbundled pricing structure will be tiered, and brokers at Barclays have speculated over the levels at which they would be set.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter