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Savings, Pensions & Investments

Mandate awarded

ASI confirmed as manager of Woodford Income Focus Fund

Neil Woodford
Neil Woodford was forced to stand down Aberdeen Standard Investments has confirmed that it will take over as investment manager of one of Neil Woodford’s funds. As predicted last weekRead More

Mandate switch

Aberdeen Standard Investments ‘to win’ Woodford fund

Neil Woodford
Neil Woodford: sacked Aberdeen Standard Investments is expected to take on the suspended £244 million Woodford Income Focus mandate. The Edinburgh-based asset manager is close to sealing a deal to runRead More

Crackdown on withdrawals

Bank may tighten rules to protect property funds

Bank of England
Options: Bank of England may take action (pic: Terry Murden) Investors may face tight restrictions on withdrawals from property funds amid fears that worries over their performance will lead toRead More

Unusually high outflows

M&G suspends property fund amid Brexit and retail tensions

Haymarket 4
Edinburgh’s Haymarket, to the right in this artist’s impression of an earlier scheme, is part of M&G Real Estate M&G has suspended trading in its M&G Property Portfolio fund amidRead More

Pledge to campaigners

Labour to compensate women in pensions battle

Jeremy-Corbyn-and-Waspi
Jeremy Corbyn met women campaigners from Falkirk (pic: Terry Murden) Labour is promising to compensate 3.7 million women who claim they were denied their pension rights and left thousands ofRead More

Change of approach

Cornerstone’s new fund responds to changing ethical mood

Jen Paice: ‘changing attitudes’ (pic: Terry Murden) Investors are being offered the opportunity to put their money behind a radical pro-active approach to tackling climate change, pollution and poor health.Read More

Portfolio beats stock market

Souter gifts £109m to charity – biggest since Carnegie

Brian Souter
Sir Brian Souter: ‘portfolio is in good shape’ (pic: Terry Murden) Stagecoach boss Sir Brian Souter has gifted £109 million to charity – one of the biggest donations by aRead More

Cash to be returned

Troubled Woodford Equity Income Fund to be wound up

Neil Woodford
Fallen star: Neil Woodford Neil Woodford has been dismissed from his eponymous Equity Income Fund which will be wound up by Link, its administrator, and cash returned to investors. InvestorsRead More

Ethical finance

Investors demand ‘ethical’ banking but ignore own plans

North Bridge demo - Extinction Rebellion
Campaigners want a cleaner world (pic: Terry Murden) Despite overwhelming demand for banks to pursue a more “ethical” agenda, only 13% of Scots with a pension actively chose their ownRead More

Court verdict

Campaigners lose case over women’s state pension age

Backto60
The campaigners will be watching the outcome Judges have ruled against campaigners challenging the government’s handling of a change to the women’s state pension age. In a judgement at theRead More