Three things your clients may call you about this week …

What made financial headlines over the weekend?

clock • 3 min read

Woodford successor 'offloads' unquoted stocks; widows hit by state pension change; and over-55s 'overtaxed' - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …

Invesco's Mark Barnett, Neil Woodford's successor, offloads £247m of risky holdings Neil Woodford's "protégé" Mark Barnett has "offloaded high-risk unquoted stocks worth hundreds of millions of pounds" from his funds at Invesco, according to this Sunday Times article. Figures given to the paper by Invesco reveal that, between September and March, Barnett drastically reduced the proportion of unlisted companies in the three funds he manages. Barnett took over the running of Woodford's old Income, High Income and Strategic Income portfolios in 2014. In six months, holdings of unquoted in...

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

FCA: Most firms unable to meet bereavement claims performance levels

FCA: Most firms unable to meet bereavement claims performance levels

Call for improved bereavement handling times

Cameron Roberts
clock 22 November 2024 • 3 min read
ETF providers launch unlisted share classes to tackle slow MPS adoption

ETF providers launch unlisted share classes to tackle slow MPS adoption

Technological and cost barriers

Valeria Martinez
clock 22 November 2024 • 5 min read
Advisers expect regulation to limit time taken on giving advice

Advisers expect regulation to limit time taken on giving advice

Industry expects it will constrain their ability to meet demand

Isabel Baxter
clock 22 November 2024 • 2 min read