Hargreaves Lansdown has said it expects to introduce its new pricing model for funds in "early 2014" as it reported pre-tax profits of £195.2m, a jump of 28%.
Its full-year results for the year to 30 June 2013 also saw assets under administration (AUA) rise 38% to £36.4bn and revenue was up 22% to £292.4m. It said AUA was driven by a 59% rise in net new business, which jumped to a record £5.1bn. Total client numbers, meanwhile, rose by 76,000 to 507,000 over the period, a 69% rise in net new clients. The group hiked its total dividend by some 31% to 29.59p per share. Elsewhere, Hargreaves said remains confident it can introduce an unbundled pricing structure "smoothly and efficiently". Cheif executive Ian Gorham (pictured) said: "Our ...
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