Woodford Investment Management Closure

Following on from yesterday’s announcement about the closure of Woodford Equity Income it has been announced that Woodford Investment Management will be shut down.

What is a fund?

If you are investing in, or considering investing in a stocks and shares ISA – you may have come across the term – funds. Here we try and explain a bit about what funds are and how they work.

What is an ISA?

ISAs allow people to save their money in a combination of cash and stocks and shares. Unlike investing directly in these products, investing through an ISA provides certain benefits. An ISA is often referred to as a tax wrapper which goes around your savings, protecting them from paying certain taxes.

Liontrust acquires Neptune

Liontrust completed the acquisition of Neptune Investment Management Limited on 1st October 2019.

Following the acquisition, any Neptune funds will continue to be managed by the same investment team, which is now called the Liontrust Global Equity team, and they are being run according to the same investment process.

An introduction to FDD – Who are we?

Financial Discounts Direct (FDD) is currently one of the leading discount brokers in the UK. We were established in 1996 by father and son team Alan and Paul Penny, who between them they have over 65 years’ experience in the financial services industry.