Investors are still grappling with the aftermath of Neil Woodford’s collapsed UK equity fund, with over 5,000 individuals now suing Hargreaves Lansdown for allegedly continuing to promote the fund despite being aware of its issues. Woodford’s fund suffered due to poor stock choices and illiquid assets, leading to its closure and subsequent compensation offers to investors. Those who invested in the fund through Hargreaves Lansdown can still join the High Court claim against the investment platform, with potential deductions from the proceeds if successful.
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What the government’s pension review delay means for you?
Chancellor Rachel Reeves has reportedly delayed the government's pension review, impacting auto-enrolment and savers. Labour's manifesto pledge for a pensions review has been postponed indefinitely, sparking concerns about retirement adequacy and savings. The Treasury's decision to delay addressing pension challenges could lead to future financial insecurity for millions of Brits, as experts warn of potential consequences for pension taxation and savings incentives. Full Article
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