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

A 1000-day wait: Pension transfer delays demand urgent reform, advisers say

A 1000-day wait: Pension transfer delays demand urgent reform, advisers say

Transfer delays highlight need for ten-day Pension Switch Guarantee

Sahar Nazir
clock 29 April 2025 • 2 min read
L&G drops fracture cover in critical illness and income protection overhaul

L&G drops fracture cover in critical illness and income protection overhaul

Increased pay out amounts

Jaskeet Briah
clock 29 April 2025 • 3 min read
Advisers could add 20 more clients annually with AI support

Advisers could add 20 more clients annually with AI support

Early adoption of artificial intelligence tools is boosting adviser efficiency

Sahar Nazir
clock 28 April 2025 • 2 min read