Three things your clients may call you about this week …

What made financial headlines over the weekend?

clock • 3 min read

'Woeful Woodford' and HL's Wealth 50; unclaimed pensioner support; and the banks' 'cash cows'  - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …

Woeful Woodford is no best buy - so how did he make the cut? Consistently poor-performing funds "slashed" their charges in a bid to earn a recommendation from Hargreaves Lansdown, this Sunday Times article reveals. According to the paper, many of the funds that offered big discounts to "Britain's largest and most influential investment house" have been among the worst performers in their sectors, including Neil Woodford's Equity Income fund, M&G Recovery and Invesco Tactical Bond.  The discounts some fund houses offer to Hargreaves Lansdown mean their customers pay lower charges for th...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Feel Good Friday: Fund manager Artemis supports children's charity for 2025

Feel Good Friday: Fund manager Artemis supports children's charity for 2025

Selected as charity of the year by the firm’s charitable foundation

Professional Adviser
clock 10 January 2025 • 1 min read
Popularity of SDR 'Sustainability Focus' grows as two Aegon AM funds adopt label

Popularity of SDR 'Sustainability Focus' grows as two Aegon AM funds adopt label

By end of March 2025

Cristian Angeloni
clock 09 January 2025 • 2 min read
Average DB transfer complainant to receive no compensation

Average DB transfer complainant to receive no compensation

Broadstone’s DB Redress Tracker shows typical redress compensation continues to fall

Jasmine Urquhart
clock 09 January 2025 • 1 min read