Hargreaves Lansdown is the largest investment platform in the UK and has about 876,000 retail customers who have invested £70 billion Hargreaves LansdownOne of Britain’s biggest financial companies has dropped plans for a special dividend after the regulator told it to raise the amount of capital it holds to cover a crisis. Hargreaves Lansdown said that its regulatory capital surplus for 2018 had been deemed insufficient by the Financial Conduct Authority and that it would have to cut the amount of money it gave to investors. The authority, which reviews the company’s capital every two years, told Hargreaves Lansdown this week that it would have to increase its loss buffer by £50 million because of its “strong recent growth in scale and complexity”. Hargreaves Lansdown is the largest investment platform in the UK and since it was founded 36 years ago has become the most popular gateway…

Source: The Times August 04, 2017 23:02 UTC