The end of one of the UK's most well-known ‘star manager’ funds is nigh.
Back in June, Woodford’s Equity Income fund was closed to withdrawals.
The goal was to sell off the least liquid parts, and re-open at a later date.
But yesterday, the decision was made.
The fund will shut down, permanently.
The vast number of retail investors will not get any money back until mid-January.
(At the earliest.)
So, what happens now?
Brexit has everyone in a tailspin.
UK nationals living in other countries feel especially vulnerable.
The uncertainty regarding their futures…
Not to mention UK pensions and investments…
Hangs heavy over them.
Over the years, many investors have reached out with concern...
Encouraged by certain financial firms or rogue 'advisers' to transfer their pensions.
Understandably, they've been confused and doubtful.
If you've been contacted or have any doubt about whether you should or shouldn't transfer...
I urge you to continue reading.
Understand the implications of transferring before you make any decision.
Remember, your life savings are at risk.
On a recent flight back to Dubai, I got talking to an oil and gas professional named Neil.
After discovering I was in financial services, he was all too eager to share his own experiences with his 'adviser'.
They often met up for a round of golf.
In fact, his 'adviser' became part of his close circle of friends.
During the conversation, I kept biting my tongue.
After years of hearing them...
I knew how stories like these inevitably ended.
If you're nearing retirement, you probably have a lot on your mind.
What will you do with all that spare time?
How many holidays can you afford?
Will your money last, even if you live longer than expected?
Last week's blog was about the uncertainty of investing.
About the many aspects that are out of our control.
Yet, adversely, there are so many things you can control...
And they all begin and end with you.
A reader recently emailed us.
He was moving back to the UK in a few months...
And felt overwhelmed.
He wanted to know what he needed to plan for...
If he had taken everything into account...
If he had forgotten anything.
This one needs a blog of its own.
There's a lot to tackle.
But it's worth a read if you're considering moving back too...
Whether that's now or in the future.
If you thought the story of the investor who lost £66,000 was shocking…
Wait until you read this.
An oil and gas professional lost an astounding £210,000…
Officially making it the worst case we’ve ever seen.
Here’s the full story.