Neil Woodford

Neil Woodford has said he plans to create a major asset management business, rather than a simple boutique, as he begins life at Woodford Investment Management.

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.

A trio of fund managers at Invesco Perpetual are exiting the firm to join Neil Woodford's new venture.

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.

The UK has seen a sharp drop in new fund launches at the start of 2014, with administration backlogs, pricing overhauls and Neil Woodford's forthcoming new venture to blame.

St James's Place is to reallocate £7bn in mandates currently run by Invesco Perpetual to Neil Woodford and Threadneedle, with a further £700m mandate going to Manulife.

Invesco Perpetual has announced that Mark Barnett's Invesco Perpetual High Income fund will move out of the IMA Equity Income sector and into the IMA UK All Companies sector on 31 March.

Invesco Perpetual's Mark Barnett has taken over Neil Woodford's £8.4bn Income and £13.1bn High Income funds with immediate effect, ahead of his original end-April start date.

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.

Members of Invesco Perpetual's sales team have left the business in order to join Neil Woodford's new venture, Investment Week understands.