Property News · March 4, 2017

UK’s star fund manager aims to win over the older savers market


Neil Woodford’s new fund says it will pay 5% in the first year. We ask top financial advisers if it is a safe bet for your moneyIt says it will pay an initial 5% income, it is looked after by the most successful investment manager of his generation, it can be put into a tax-free Isa and comes under the financial services compensation scheme. With building society accounts paying just 1% on deposits, should savers take the risk of investing in Neil Woodford’s new Income Focus fund of high dividend-paying shares?Woodford has built a loyal following among small investors and financial advisers. A £10,000 investment put into his fund at Invesco Perpetual in 1988 would, over 25 years, have turned into £230,000. Since setting up Woodford Investment Management in 2013 he has seen more than £10bn pour in from faithful investors. Continue reading…

Source : theguardian.com
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