Hargreaves Lansdown waives platform fee on Woodford Equity Income

Effective immediately

Emanuela Hawker
clock • 2 min read

Hargreaves Lansdown has dropped its platform fee on the Woodford Equity Income Fund while the fund's dealing is suspended, effective immediately.

The firm said it was putting "pressure" on Woodford Investment Management to do the same, adding it was in contact with the firm and its platform investors.  FCA 'in discussions' over Woodford's unquoted Guernsey listings It follows reports that St. James's Place has dropped Woodford Investment Management and replaced it with RWC Partners and Columbia Threadneedle for the management of its suite of funds.  Hargreaves Lansdown shares are down by 5.47% at time of writing (5 June, 5:00 p.m.). Woodford Equity Income: How we got here Emma Wall, head of investment analysis at Hargr...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Schroders Greencoat launches renewables and energy transition LTAF

Schroders Greencoat launches renewables and energy transition LTAF

Second LTAF from Schroders Capital

Cristian Angeloni
clock 07 February 2024 • 2 min read
Mark Carney's Brookfield AM raises $10bn for global net zero transition fund

Mark Carney's Brookfield AM raises $10bn for global net zero transition fund

Second iteration of the strategy

clock 06 February 2024 • 2 min read
Royal London AM closes Global Equity Select fund to new investors

Royal London AM closes Global Equity Select fund to new investors

22.9% performance gain

clock 05 February 2024 • 1 min read
Trustpilot