Hargreaves Lansdown has delivered consensus-beating profits in the year to June 30, but increased regulation and competition in the UK retail funds market could weigh on new business going forward, analysts warn.

In its full year results, Hargreaves Lansdown said that new net business for the year totalled a record £6.9bn, a 15% increase on the prior year. Assets under administration hit £79.2bn, up 28% from June 2016.