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Woodford administrators accused of of throwing 'good money after bad' dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.
Woodford to return to fund management By Justin Cash 14 th February 2021 10:55 am Neil Woodford is planning a return to fund management a year and a half after his investment empire’s infamous collapse. In his first interview since Woodford Investment Management’s October 2019 closure, and with a number of investors still trapped in its flagship funds, Woodford tells the Telegraph a comeback is in the works. The birth of Woodford Capital Management Partners will see Woodford team up with former right-hand-man Craig Newman to start a new Jersey-based investment firm. While Woodford says he will still invest in some illiquid stocks as part of the venture, including the “AstraZenecas of the future”, he will not be managing money on behalf of retail investors anymore. ....
So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download Find whitepapers ....
By IPE Staff2021-02-08T13:40:00+00:00 The ACCESS local authority pension asset pool has grown to £31bn (€35.3bn) after the operator of the collective investment scheme launched seven new sub-funds that drew £5.5bn from participating pension funds. The operator, Link Fund Solutions Limited (LFS), launched the funds in November and December. They invest in a range of global equities and bonds and include the LF ACCESS Global Alpha Equity Fund and LF ACCESS Sterling Aggregate Bond Fund managed by Bailie Gifford, and the LF ACCESS UK Equity Fund managed by Majedie Investments. Councillor Mark Kemp-Gee, chair of the ACCESS joint committee, said the committee had worked closely with LFS to select the fund managers “so they can deliver the cost savings and investment performance required as part of our successful track record since the launch of the pool”. ....