'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...
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