Hargreaves clients have £1.6bn exposure to suspended fund
UK treasury committee raises questions on relationship with equity income fund after regulator starts investigation
19 June 2019 - 20:07
London — Hargreaves Lansdown says nearly 300,000 clients are exposed to Neil Woodford’s suspended equity income fund, piling further pressure on the investment platform over its heavy public backing of the fund since it was launched.
In a letter to the UK’s treasury committee published on Wednesday, Hargreaves CEO Chris Hill said 133,769 clients had a direct holding worth £1.1bn in the suspended £3.7bn LF Woodford Equity Income Fund...
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