UK markets being ‘gradually undermined’ by tax regime – Interactive Investor boss March 10, 2025 The current tax regime is making UK markets “just about tradable” and are leading to their “gradual undermining”, according to the chief executive of Interactive Investor*. Speaking in the latest episode of City AM‘s Boardroom Uncovered podcast, Richard Wilson said his company has seen an increase in more investors trading in foreign markets instead of [...]
Exclusive: Investment platforms flouting tax rules on ISA stocks February 6, 2025 Almost all UK investment platforms have been breaking HMRC rules by allowing stocks ineligible for tax relief to be put in ISAs, a City AM investigation has revealed. AJ Bell, Fidelity, Interactive Investor and many others have been allowing stocks that should not get tax-free status to be added to ISA portfolios, meaning capital gains [...]
AJ Bell: DIY investment platform’s business booms January 29, 2025 AJ Bell saw assets under administration jump to £89.5bn by the end of 2024, as customers on the do-it-yourself investment platform surged twenty per cent throughout the year. The trading platform’s assets under administration jumped 17 per cent throughout last year, and three per cent in the last quarter, it said in a trading update [...]
Crowdcube: Turnover falls by half as losses continue December 13, 2024 Turnover at funding platform Crowdcube fell by half during its latest financial year as it continued to lose money, it has been revealed. The London-headquartered business has reported a turnover of £7.5m for 2023, according to newly-filed accounts with Companies House. The new figure comes after Crowdcube posted a turnover of £14.4m for the 15 [...]
AJ Bell: Firm kicks off buyback as revenue hits record December 5, 2024 AJ Bell kicked off a £30m share buyback this morning as the investment platform reported record financial performance, with revenue shooting up 23 per cent.oc In its final results for the year ended 30 September 2024, the FTSE 250 firm reported a 29 per cent jump in profit before tax to £113.3m as it benefitted [...]
Etoro: ‘We could still float in London but things need to change’ December 3, 2024 The UK boss of trading platform Etoro has opened up about what the London Stock Exchange has to do to win its backing.
Hargreaves Lansdown client growth surges as takeover looms October 29, 2024 Hargreaves Lansdown’s client growth surged to 18,000 in the last quarter as the investment platform’s private equity takeover approaches. However, despite the growth, which compared to just 8,000 new customers in the same quarter last year, new assets coming into the platform dropped. Hargreaves Lansdown reported just £500m in net new business, compared to £600m [...]
AJ Bell says Budget jitters are causing investors to pull pension money October 17, 2024 AJ Bell has warned uncertainty around Rachel Reeves’s Budget this month is causing investors to pull pension money from its platform and hold off contributing to their retirement pots. In a trading update for its financial year to September, the FTSE 250 firm said it had seen an acceleration of cash exiting the platform amid [...]
Fidelity and Abrdn among backers of new investment platform trade body September 22, 2024 Fidelity and Abrdn are among the big names to have joined a new trade body for online financial sites as the industry faces regulatory scrutiny and a government shake-up.
FCA cracks down on unregulated crowd investment schemes August 26, 2024 The Financial Conduct Authority has begun a crackdown on crowd funding investment schemes that see investors diving into unregulated share offers. Odin, a service that helps private companies pool investments, has revealed that the regulator had told it to stop taking on new customers until it changes its operating model. “The FCA has come to [...]