HARGREAVES Lansdown has said new rules on mutual fund sales would leave most clients paying less while the impact on revenue would be absorbed at its current growth rate. The British investment firm said a ban on fund managers paying commissions to distribution platforms through which retail investors access their products could cost it up to pound(s)17 million. It said new rules, due in April under the Retail Distribution Review, require an pound(s)8m investment and hit revenues by up to pound(s)9m in the first year.
Most Popular Stories
- Photo ID Required for Unemployment Benefits
- Software Writers Sought in Indiana
- Ukraine Crisis Limits Losses in Gold, Silver
- Can GOP Dodge Immigration Bullet?
- Tech Firms to Increase Hiring for 4th Year in a Row
- How Past Mistakes Will Drive Ukraine's Future
- Job Fair for S.C. Grads
- Chiquita, Fyffes to Form Top Banana
- Millennials Favor Saving Over Investing: UBS
- Big Earthquake Rumbles Northern California