Hargreaves Lansdown has said inflows of client funds have “held up well” since the Neil Woodford frozen fund scandal erupted earlier this summer.
The boss of Hargreaves Lansdown has said he is “angered” about the lack of resolution over the shutdown of investor Neil Woodford’s flagship fund.
Almost 300,000 Hargreaves Lansdown customers have £1.6 billion trapped in Neil Woodford’s suspended investment portfolio, the funding platform has revealed.
The boss of Hargreaves Lansdown (HL) will not take a bonus this year due to the ongoing saga at Neil Woodford’s investment vehicle, the company has said.
The financial watchdog is demanding answers from Neil Woodford and his brokers over their decision to invest so heavily in unlisted companies based offshore in Guernsey.
Shares in Neil Woodford’s listed investment trust have plunged after investors were blocked from pulling out money from its multibillion-pound sister fund.