Launch – and public apology – comes two years after implosion of his last venture following bets that went wrong Neil Woodford has announced plans for a new investment business and issued a public apology over the implosion of his last venture less than two years ago following a string of bets that went wrong. In one of the most dramatic attempts at a boardroom comeback in recent history, the former star fund manager said he planned to open a new firm – WCM Partners – which would be based in Jersey and Buckinghamshire. Continue reading… [Read More...]

The Covid pandemic has bolstered many people’s balances – here are some tax-efficient places to put your cashIsas have fallen out of favour with some consumers but with tax increases potentially on the way to cover the bill for the coronavirus pandemic, experts are urging those with money to save or invest to take advantage of the allowances available to them.Many Britons have seen their incomes remain much the same but their spending plummet as a result of being stuck at home, and huge sums of cash have built up in bank and building society accounts. Figures from the Bank of England show that households had accumulated £125bn in excess savings by November 2020. And this week the Bank’s policymaker Gertjan Vlieghe said: “Significant further … [Read More...]