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

Why the Kession ruling could reshape risk across financial promotion and AR structures

Why the Kession ruling could reshape risk across financial promotion and AR structures

‘Commercially, the implications are far-reaching’

Gareth Fatchett
clock 01 June 2026 • 5 min read
Advice firms report that around four in ten clients are vulnerable - MorganAsh

Advice firms report that around four in ten clients are vulnerable - MorganAsh

Data from the MorganAsh Resilience System

Jaskeet Briah
clock 28 May 2026 • 2 min read
Student loans present 'almost impossible' financial planning question

Student loans present 'almost impossible' financial planning question

To be a 'burden' for years to come, advisers say

Sophia Panayi
clock 28 May 2026 • 5 min read