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

PA360: Advice firms 'brush over' data integrity fundamentals

PA360: Advice firms 'brush over' data integrity fundamentals

‘Your business and your people are under attack constantly’

Isabel Baxter
clock 25 April 2024 • 1 min read
PA360: The need for a financial plan 'has never been higher'

PA360: The need for a financial plan 'has never been higher'

‘It needs to be done in a different and innovative way’

Isabel Baxter
clock 25 April 2024 • 2 min read
PA360: Potential pitfalls for advisers amid push for AI integration

PA360: Potential pitfalls for advisers amid push for AI integration

Advisers must be not be ‘deceived into believing AI can solve all problems’

Sahar Nazir
clock 25 April 2024 • 1 min read