Hargreaves Lansdown to scrap Wealth 50 List - reports

16 months after its launch

Fund platform and financial services firm Hargreaves Lansdown (HL) will remove its Wealth 50 fund buy-list 16 months after it was launched, Investment Week understands.

According to a report from The Times, HL will overhaul its fund recommendation list in favour of a new Wealth Shortlist, which will be overseen by an independent panel, two of whom will be new appointments to the company hired to oversee investment decisions and governance issues. The Wealth 50 list was previously the larger Wealth 150 list until January 2019 until it was slimmed down by the firm. It came under fire last year, however, following the collapse of the LF Equity Income fund - formerly known as the LF Woodford Equity Income fund - which was re-awarded a coveted position on th...