Hargreaves Lansdown has decreased its pre-tax profits by 20 percent in the six months to 31 December 2021.

The firm posted pre-tax profits of £151.2 million compared with £188.4 million a year earlier.

Revenues were down three percent from £299.5 million to £291.1 million.

However, total assets under administration increased by 17 percent from £120.6 billion to £141.2 billion.

Net new business was down 28 percent from £3.24 billion to £2.32 billion...