Boss of investment firm Hargreaves Lansdown responds to backlash around fees saying customers get ‘great value for money’
The boss of Hargreaves Lansdown has defended the fees the firm charges savers
The boss of investment firm Hargreaves Lansdown has defended the fees the firm charges savers after another bumper year.
Chris Hill said costs were are comparable to rivals and customers get an excellent service, despite claims it is using its dominant position to squeeze out extra profit.
Hargreaves took a record £7.6billion of new business in the last 12 months and profits rose 10per cent to £292.4million.
But it has attracted the ire of critics, who say costs could be lower.
Hill said the average Hargreaves customer is charged 0.42per cent and added: ‘We offer great value for money.’
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