Financial services firm Hargreaves Lansdown (HL) is to offer open banking payments after agreeing a major deal with global payments platform Ecospend. It is the Bristol-based institution’s first foray into the open banking market and will allow its customers to make payments directly into HL accounts without the need for cards. The payment is authorised through the client’s chosen online banking...
Financial services firm Hargreaves Lansdown (HL) has appointed a new financial advice director. Richard Caldicott will join the listed firm from M&G Wealth in October, and will head up HL’s advice arm. According to the Bristol-based investment company, Mr Caldicott has “extensive experience” in the advice sector, in particular creating and driving strategies which focus on the use of...
Financial services firm Hargreaves Lansdown (HL) has reported a fall in profits amid a macroeconomic and geopolitical climate “not seen in a generation”. The Bristol-based investment company saw underlying profit before tax decrease 19% to £297.5m for the year ending June 30, 2022. Revenue also fell from £631m in 2021 to £583m. But chief executive Chris Hill said the company had made “strong”...