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Hargreaves Lansdown ‘mindful’ of Budget impact as post-takeover flows slow

Fund supermarket has one eye on potential tax hikes as uncertainty continues to drive investors towards cash

The Bristol-based platform says client and asset retention could be better
The Bristol-based platform says client and asset retention could be better Photo: James Beck/Getty Images

Hargreaves Lansdown says it is “mindful” of the impact the Budget could have on 30 October, as investors continue to look towards the safety of cash amid uncertainty.

The UK’s largest DIY investment platform said net new business had dipped from £0.6bn to £0.5bn in three months ended 30 September 2024, as clients added another £300m to their cash balances, closing at £12.7bn and “driven by net selling of investments”.

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