Hargreaves Lansdown's prospective new owners should ban working from home, its co-founder says

Hargreaves Lansdown’s prospective new owners should ban working from home, its co-founder has said.

Peter Hargreaves, who launched the business with Stephen Lansdown in 1981, said he hoped more staff would return to the office if the private equity bidders led by buyout firm CVC take control.

‘There’s a lot of working from home, and the help desk doesn’t work if working from home,’ Hargreaves told the Telegraph. 

He added: ‘I hope [they get rid of working from home]. You just can’t run a business like that. It’s just madness.’

Moving on: Hargreaves Lansdown’s board this week said it would accept a £5.4billion offer from CVC, Nordic Capital and Abu Dhabi-backed Platinum Ivy

His comments come after the firm’s board this week said it would accept a £5.4billion offer from CVC, Nordic Capital and Abu Dhabi-backed Platinum Ivy.

HL, which floated in 2007, is the country’s biggest investment platform.