Invesco and Widows deny rift rumours

Speculation has surfaced Invesco and Widows re-negotiation talks have broken down with Invesco believed to have walked away from the table and threatened to take their funds off the Widows platform. The talks, described by sources as ‘routine’, determine the amount of compensation an investment house receives for placing its funds on a platform. IFAonline understands any severing of business would affect existing Widows clients, who could see their money moved from the current insured funds over to Fidelity FundsNetwork’s mutual fund range. Invesco Perpetual managers are well renow...