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...
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