HL execs surrender bonuses over Woodford

Latest News

HL execs surrender bonuses over Woodford

By Oliver Wade

08/08/2019

Four Hargreaves Lansdown executives, including the chief executive, have said they will surrender their bonuses this year after the company supported Neil Woodford’s flagship fund up until its suspension.

The firm recommended Woodford’s Equity Income Fund up until it was suspended on 3 June, after it had been overwhelmed by a significant increase in investor withdrawals.

More than 290,000 Hargreaves Lansdown investors were impacted by the suspensions – accounting for around a quarter of its total client base.

The company’s chief executive officer Chris Hill, chief financial officer Phil Johnson, head of research Mark Dampier and chief information officer Lee Gardhouse have all declined to accept a bonus this year, with Hill previously stating he would forgo his bonus until the Woodford issue was resolved.

The UK housing market in 2024

The performance of the UK housing market in 2024 has largely exceeded many people's expectations, although challenges remain for first-time buyers due to house prices increasing and a testing rental market for many. Regional disparities, such as the North-South divide, also continue to influence housing accessibility and affordability for many buyers in pockets of the country.

Intergenerational lending

MoneyAge News Editor, Michael Griffiths, hosts Family Building Society BDMs, Amar Mashru and Arif Kara, to discuss intergenerational lending and explore ways that buyers can use family income to help increase their borrowing capacity when applying for a mortgage

Helping landlords make their cash work harder

MoneyAge Editor, Adam Cadle, talks to Family Building Society BDMs, Arif Kara and Nathan Waller, about the resilient BTL market, the wide variety of landlords that Family Building Society caters for, and how niche products like an Offset mortgage can help improve cashflow.