Royal London Asset Management's Martin Cholwill is backing Hargreaves Lansdown in the view worries over impact of RDR on the firm are overdone.
The top performing manager, running RLAM's £260m UK Equity Income fund, said the firm has benefitted from its internet platform and has further scope for secular growth. Cholwill (pictured) said: "Profits have grown in recent years, the shares have done very well but I still think there is a lot of secular growth and the worries on changes post-RDR are overdone in the share price. "I think it has got an attractive yield prospect - it is yielding nearly 4.5% at the moment and has a strong balance sheet, which is exactly what I want." Hargreaves announced recently it delivered record...
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