LONDON, May 23 (Reuters) - Hargreaves Lansdown said on Thursday it had rejected a takeover proposal from a consortium comprising investors including CVC Advisers and the Abu Dhabi Investment Authority, saying it undervalued the company and its future prospects.

The company also confirmed it had previously received two approaches from the Consortium regarding a possible offer, most recently at a price of 985 pence a share.

(Reporting by Tom Wilson, editing by Sinead Cruise)