Manager Income News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Investegate announcements from Hargreaves Lansdown, Half-year Report

Six funds 'require continued focus' while two do not represent value, according to its third value assessment

Hargreaves trims charges on £7bn funds as Woodford casts shadow Charges on Hargreaves Lansdown's funds will fall as assets grow 26 January 2021 • 7:00am Hargreaves Lansdown has pledged to reduce fees on its multi-manager funds as the portfolios grow and admitted seven of the 10 needed to improve performance or did not represent value for money. The fund shop, whose £7bn multi-manager funds were hit by the collapse of Neil Woodford's flagship fund, is reducing their 0.75pc annual management charge once the portfolios grow beyond £1bn in size. Charges on the funds will fall by 0.05 perc...

Hargreaves funds recoup a further £65m from Woodford payments in 2020 Multi-manager funds had already received over £300m from first payout last January Hargreaves Lansdown’s multi-manager funds have recouped a further £65m-worth of assets trapped in the Woodford Equity Income fund in 2020.  Investors in the six multi-manager funds that held Neil Woodford’s former fund received around £312m in the first round of payouts distributed by authorised corporate director Link Fund Solutions last January. Since then, they have received around £22m in the second distribution in March,...