Woodford hangovers, retirement planning and coronavirus scammers - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend..
Schroder UK writedown: The £268m Woodford hangover Investors in the trust formerly run by Neil Woodford have suffered £268 million of writedowns and are still sitting on huge amounts of unquoted stocks, The Sunday Times reports. The new managers of the Woodford Patient Capital Trust, now renamed Schroder UK Public Private after Schroders took it over last year, were forced to stomach writedowns of £268.3 million on 11 unquoted stocks in the portfolio, according to analysis. The level of unquoted stocks still accounts for 76.1% of the portfolio's value and could rise further. W...
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