Three things your clients may call you about this week …

New funds will lock in investors to prevent Woodford-style sell-offs Funds that limit withdrawals by investors are being developed by investment firms and the Treasury to prevent repeats of the Woodford "debacle", according to this Sunday Times article. A new type of investment class - a "long-term asset fund" - is set to be unveiled at a conference later this week, the piece says, with the aim of averting a liquidity crisis in the industry. A taskforce for the Investment Association, it continues, "has been working for more than a year on proposals to develop a new type of fund, and a...