How is my cash held?
All client money is held on deposit in Trust accounts, so that any creditors of Hargreaves Lansdown would have no legal right to it; we cannot use any of this money to cover Hargreaves Lansdown's obligations, and it is subject to controls and procedures over and above those required by the FCA.
In addition, except where clients have chosen specific fixed rate deals, client money within our service will be spread across a number of banks to reduce risk. Our policy for choosing banks is continually reviewed and the primary consideration is always security. We monitor the performance and security of a range of banks to ensure we are able to anticipate and react to changing economic and institutional conditions.