Three things your clients may call you about this week …

What made financial headlines over the weekend?

clock • 3 min read

One Woodford-related article; another Woodford-related article; and … millions of pensioners warned - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …

Revealed: funds that tie up your money in stocks you can't sell "Three of Britain's biggest fund managers invest in unlisted companies - the risky assets that ultimately caused Neil Woodford to halt withdrawals from his Equity Income fund because they are hard to sell to raise cash for investors," this Sunday Times article claims this weekend. The largest holder of unlisted stocks the paper discovered was Invesco Income, with 4.9% of the fund's portfolio in these assets at the end of March. It used to be more, with 6.89% held on 30 September 2018. Two other Invesco funds, High Income a...

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

March 2024: Month in review with deputy editor Jenna Brown

March 2024: Month in review with deputy editor Jenna Brown

Take a look at some of the news and feature highlights of the last month

Jenna Brown
clock 28 March 2024 • 5 min read
Wren Sterling adds £265m in client assets in latest deal

Wren Sterling adds £265m in client assets in latest deal

First advisory firm purchase of 2024 for national financial planner

Jenna Brown
clock 28 March 2024 • 1 min read
Consumer Duty Alliance looks to attract advice industry talent

Consumer Duty Alliance looks to attract advice industry talent

New Talent Alliance will be chaired by M&G Wealth Advice MD Tom Hegarty

Isabel Baxter
clock 27 March 2024 • 2 min read