Invesco

Skandia has handed a £640m life mandate currently run by Invesco Perpetual's Mark Barnett to Neil Woodford, in a move Hargreaves Lansdown analysts suggest may be the first of many.

Shareholders in the troubled Invesco Property Income trust have been told they are likely to lose their entire investment after it was suspended pending an effective firesale of its assets.

Architas, Invesco and Novia are among the financial services groups already signed up for the fourth annual Funds Industry Football Charity Shield in June.

Hargreaves Lansdown is to transfer more than £400m of multi-manager assets from Mark Barnett's Invesco Perpetual income funds to Neil Woodford's new UK equity income offering.

Invesco CEO Martin Flanagan has played down analyst concerns over further UK equity income outflows as former employee Neil Woodford prepares to launch his own fund.

The Financial Conduct Authority (FCA) has fined Invesco Perpetual £18.6m for exposing investors to more risk than they had been led to expect in funds including Neil Woodford's giant income portfolios.

Income investing: Look beyond the high yields

Invesco Perpetual's Mark Barnett has taken over Neil Woodford's Invesco Income and High Income funds with immediate effect, ahead of his original end-April start date.

Skandia has secured an average annual management charge (AMC) of 0.52% on its restricted WealthSelect range.

MULTI-ASSET