Hargreaves Lansdown has been the best-performing company in the FTSE 100 so far this year, data from the London Stock Exchange has shown.
The Bristol-based company grew by 44.86 per cent between 1 January and 8 December 2015.
Danny Cox, head of communications at Hargreaves Lansdown, suggested the company may have benefitted from the introduction of pension freedoms legislation, which came into effect on 6 April.
Mr Cox said: “Pension providers are still divided into those, such as HL, who want to give their clients the choice to exercise the freedoms, and those who were more worried about asset retention.”
According to Mr Cox, the firm has also shown financial strength because it is “diverse with great value products, has a good management team, a commitment to clients and innovation, excellent compliance controls and a strong brand”.
Background
During 2015, HL launched three multi-manager funds to add to its existing five. The company has more launches planned.
In 2016, it plans to launch its peer-to-peer marketplace and a cash-broking service to allow people access to different types of cash accounts with different banks and building societies through one platform.
