Nick Train, a long-term backer of Hargreaves Lansdown, has said the platform's assets could hit £240bn by 2020 - a figure which would mean adding £200bn in AUA over the next six years.

Hargreaves Lansdown has been urged to end a pricing 'anomaly' that could otherwise mean wealthy clients miss out on the benefits of its new pricing structure.

Platform giants Standard Life and Fidelity have attacked Hargreaves Lansdown over its new pricing structure following its release yesterday.

Aberdeen Asset Management this morning reported it had seen AUM drop 3% as outflows continued from its equity funds and inflows dropped back sharply, following its move to cap Devan Kaloo's emerging markets fund.

Hargreaves Lansdown has said 20% of its clients will see fees go up as a result of its charging overhaul, although it added these clients are able to cut their charges by changing the way they invest.

Hargreaves Lansdown has revealed it was offered share classes for its new 'Wealth 150+' fund range with annual management charges as low as 0.25% for active equity funds.

Shares in Hargreaves Lansdown fell at the open this morning as investors digested news of the group's pricing overhaul which sees them charge clients a platform fee directly for the first time.

Nucleus is considering launching a direct-to-consumer (D2C) platform in an effort to better serve the 6,000 orphaned clients it currently redirects to Hargreaves Lansdown each year.

The UK's headline inflation rate fell to 2% in December, rounding off a near one percentage point fall since the summer, official data has shown.

Neil Woodford has told Hargreaves Lansdown's head of research, Mark Dampier, he is wary of a re-run of the eurozone crisis which began in late 2009 and battered stocks across the continent.