Hargreaves Bosses Waive Bonuses Over Woodford Crisis

Chief executive Chris Hill apologises again to investors trapped into the Woodford equity income fund but stops short of backing the fund manager to bounce back

James Gard 8 August, 2019 | 10:26AM

Hargreaves Lansdown office

Hargreaves Landsdown’s annual results were eagerly anticipated amid the controversy surrounding the Woodford Equity Income fund, which will remain gated to investors until at least December.

Hargreaves (HL) has been dragged into the Woodford saga for keeping the under-performing equity income fund on its Wealth 50 best-buy list until after the fund manager shuttered it on June 3.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Hargreaves Lansdown PLC1,606.00 GBX3.25

About Author

James Gard  is content editor for Morningstar.co.uk

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