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Friend of Tortoise Exclusive

Are big investment platforms making fools of small investors?

Are big investment platforms making fools of small investors?

This event is exclusive to Friends of Tortoise

The investment platform Hargreaves Lansdown is a financial giant, FTSE 100-listed and valued at more than £7bn. The personal wealth of one of its founders alone, Peter Hargreaves, is estimated at over £4bn. Hargreaves Lansdown’s business model is controversial. It rose to prominence through its association with so-called ‘star traders’ – fund managers like Neil Woodford who fell from grace last year, and took a big chunk of the savings of thousands of ordinary investors down with him. The evidence suggests that active funds, like Woodford’s, are poor value for consumers. Tracker funds, which automatically track movements on stock exchanges or other markets, are cheaper and better. How do we make sure small investors aren’t losing much of their savings to huge platforms like Hargreaves Lansdown?



Ceri Thomas
Editor, Tortoise

Robin Powell
Editor of The Evidence-Based Investor. He is an award-winning journalist and campaigner for positive change in global investing, advocating better investor education and greater transparency

Baroness Ros Altman
Leading authority on later life issues, including pensions, social care and retirement policy. Numerous major awards have recognised her work to demystify finance and make pensions work better for people. She was the UK Pensions Minister from 2015 – 16

Anne Ashworth 
Award-winning property and finance writer, commentator and
consultant. While at The Times, she edited both Bricks & Mortar, covering property and interiors, and Times Money, the personal finance section. She is now a regular contributor
to the property and financial sections of the Daily Mail, and a columnist at The London Magazine.