Founded in 1981 and based in Bristol, Hargreaves Lansdown is a FTSE 100 company with over £105bn under administration for over 1.27 million clients. It is one of the UK’s leading savings and investment platforms.
THE HL SIPP gives you the freedom and flexibility to make your own retirement investment decisions, and to invest almost anywhere you like with access to over 11,000 investments to pick from. The Plan offers at least 20% tax relief on whatever you put in with no UK income tax or capital gains tax to pay on investments
As well as SIPPS, Hargreaves Lansdown also offers Stocks, Share and ISAs, Active Savings Accounts, Children’s Accounts, Financial Advice and various Retirement Services.
Hargreaves Lansdown Reviews and Ratings
Online reviews for Hargreaves Lansdown are fairly good with customers enjoying the app’s user experience and trading platform. The company’s customer service is deemed to be very helpful and efficient, and the process of setting up investments is easy and straightforward.
- Check your investments 24/7, online or via the company’s award-winning app
- At least 20% tax relief on anything you put in if you’re a UK resident and under 75
- No UK income tax or capital gains tax to pay on investments
- Freedom to invest almost anywhere you like
- Take money out as and when you want to from age 55
- Research, ideas and updates offered to help with investment decisions
- Fast and responsive: 20 seconds average call answer time
- Award-winning: Your Money, Good Money Guide, Feefo Gold Trusted Service
- Positive customer feedback and decent online reviews
- Some complaints that the company takes too much commission compared to other platforms
- Overly expensive fees
- Many customers find the app to be clumsy with a poor UX
- There have been report that the live prices on some shares are wrong on a regular basis
- Some people have experienced poor service with staff not answering the phone and being unable to withdraw funds successfully
- A large and fairly overwhelming website
Website: Hargreaves Lansdown