Aberdeen Standard Investments (ASI) has "sold down [the] structurally challenged companies" in the LF ASI Income Focus fund as it repositions the portfolio to be more liquid and diversified ahead of its reopening on Thursday 13 February.
Investors in the LF Equity Income fund, formerly run by Neil Woodford, will receive 75.55% of the value of the assets of the fund in the first capital distribution, priced between 46p and 59p per unit they hold, Link Fund Solutions has said.
The date investors trapped in the Woodford Equity Income fund will receive their first capital distribution once the fund’s winding up process has begun has been pushed back to 30 January, Link Fund Solutions said.
The Kent Pension Fund has reassured members that the closure of Woodford Investment Management will not affect its ability to pay benefits.
Trustees should seize the opportunity to engage and educate members about their investment choices, says Henry Tapper.
The suspension of the renowned manager's equity fund serves some important lessons and highlights the importance of properly managing liquidity, writes Stephanie Baxter
After a year of stellar growth and stubbornly high valuations, asset bubbles may forming that could lead to market corrections. Stephanie Baxter looks at what 2018 has in store
The majority of respondents in this week's Pensions Buzz agree with Neil Woodford's investment firm that de-risking has worsened scheme deficits.
The cost and size of pension deficits are increasing which has consequences for trustees, company directors and shareholders. Michael Klimes asks if investors are starting to worry.
The biggest stories on PP were Pirelli's £600m longevity swap, how trustees could get sued over excessive charges, and four insurers to enter bulk annuities market by 2021. Here are the top five.
Neil Woodford has decided to permanently abolish staff bonuses at his firm Woodford Investment Management as he believes they can "distort behaviour".
Industry officials have called for asset manager reward systems to be axed in favour of higher flat salaries, in order to discourage short-termism.
A majority of respondents believe the British Steel Pension Scheme will end up going into the lifeboat fund.
This week we want to know what will happen to the British Steel Pension Scheme and will fund managers follow Neil Woodford who has stopped charging clients for research?
Industry veteran Neil Woodford has become one of the first fund managers to stop charging clients for research, paving the way for further changes around fee transparency in the asset management industry.
Book by Lawrence Gosling
The Kent County Council Pension Fund has turned to star manager Neil Woodford to manage its £200m UK equity mandate after dropping his former employer Invesco Perpetual.