Hargreaves Lansdown adds bonus to funds

EXCLUSIVE: Hargreaves Lansdown has introduced a 0.5% loyalty bonus on over 1,000 of its investment funds, which will benefit 120,000 members of its self-invested personal pensions (Sipp).

Of these, 4,734 are employees who use one of 47 Hargreaves Lansdown workplace savings platforms, which have been set up in the last two years.

Alex Davies, pensions managing director at Hargreaves Lansdown, said: “Technology improvements and greater economies of scale mean we can now bring our Sipp discounts up to the same level as our individual savings account (Isa).”

The bonus will be paid automatically to Sipp investors’ cash accounts, in most cases on a monthly basis, beginning in January 2013.