Company News 

Seven days: 21 June 2019

Seven days: 21 June 2019

HL answers critics 

Hargreaves Lansdown’s (HL.) reputation took another hit after it revealed to the Treasury select committee that it had concerns about liquidity in the LF Equity Income fund as far back as November 2017, despite continuing to include it on its 'best buy' fund list. Chief executive Chris Hill told the committee that the platform provider had started monthly calls with Neil Woodford in January 2018 to address the issue but said it did not learn until this week that he had breached the 10 per cent cap on illiquid investments on two occasions last year. A spokesperson for Woodford Investment Management said there was never a month-end passive breach.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Register
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now