Wealth platform Hargreaves Lansdown PLC (LSE:HL.) will reveal next week how much its initiatives to give a fairer deal on customers’ idle cash have cost.
Like other wealth platforms, it was given a rap from the FCA for double-dipping or paying well below market rates on spare money it held for customers.
Things have tightened since, but it was a big earner for HL so the impact on the full-year numbers (9 August) will be worth noting.
Hargreaves is also still officially in talks about a £5.3 billion bid from a consortium led by private equity group CVC.
A put up or shut up deadline expires on Monday 5 August but another short extension might be granted given the proximity of the results.
Last month, in a trading update, Hargreaves noted stronger share-dealing volumes and record assets under management of £155.3 billion.
Hargreaves added 24,000 new clients in the quarter, spread across its SIPP, ISA and Active Saving products.