UK direct-to-investor investment and online trading firm Hargreaves Lansdown PLC (LON:HL) today issued a trading update for the three months ended 31 March 2023 (“Q3”).
The company delivered net new business of £1.6 billion in Q3 (Q3 FY22: £1.4bn), despite moderated flows being seen across the market. This was a significant step up versus the first half of the year driven by net flows on to the Platform as clients focused more on utilising their ISA and SIPP tax allowances.
Active Savings saw net inflows of £0.7 billion in the quarter (Q3 FY22: £0.1 billion) with lower flows than the previous quarter as clients…
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