Simply conflict in interest as Lindsell Train owns HL?
think its a post Woodford decision as they have not worried over the years that LT was holding a large percentage of HL shares within the fund but seems like now they don't want any chance of the media getting involved if things go South in the future for LT UK.Not really a conflict in a way as due to being in the FTSE 100 many of the funds on the platform are invested albeit without a thumbs up from the wealth 50
Seems like sensible reputation risk management to me.
In some ways it is a bit sad; if you think that HL offer a good service and are able to charge a reasonable price (some on here think too high), and if your shares are currently cheap (I've personally not looked at the share price), then a sensible/good fund manger might be overweight, but then HL can't recommend. A bit like Groucho "We can't recommend any fund that like us.."