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Hargreaves bosses take millions in bonuses despite promising to forgo for Woodford investors
The chief executive of Britain’s largest fund shop Hargreaves Lansdown has pocketed £2.1m in bonuses despite promising not to take incentives until customers in the former Woodford Equity Income fund were able to access their cash. Hargreaves was criticised for continue to recommend the disgraced manager’s fund, via its prestigious Wealth 50 […]
Hargreaves makes millions in interest off savers’ cash while customers get nothing
Britain’s biggest broker Hargreaves Lansdown has made tens of millions of pounds from interest earned via its customers’ cash savings. The company said it received more than £91m in interest in the 12 months to June 30 just from cash sitting in investors’ accounts. It pays 0pc interest on cash to its customers across its Isas, […]
Investors charged millions for holding wrong type of fund could win compensation
Investors have been ripped off to the tune of hundreds of millions of pounds by fund managers who knowingly left their savings languishing in overpriced contracts for as long as seven years. Campaigners are calling for compensation after fund groups admitted the true scale of the scandal, moving thousands of […]
Chancellor ‘turns his back’ on millions excluded from coronavirus support
The Chancellor has turned his back on millions of struggling workers excluded from coronavirus support schemes, despite his pledge that no one would be left behind, an influential group of MPs has said. The Treasury Select Committee, which scrutinises the Chancellor, made a series of recommendations in a recent report […]
Millions of retail, hospitality and travel workers ‘may never retire’, warns pension firm
Millions of workers in sectors most affected by the lockdown may never be able to retire and could face a lifetime of playing catch up with their savings, one of Britain’s largest pension companies has said. Business activity in travel and tourism, construction, hospitality, retail and the arts came to […]
Millions of homeowners still unable to pay off their mortgage
Almost two million homeowners have told their mortgage lender that they are unable to meet their monthly repayments. Figures published by UK Finance, the banking lobby group, showed that 1.9 million mortgage payment holidays have been taken by borrowers in the last three months. This is equivalent to one in […]