Plus: working for a fusty old firm adds 1m to your pension
Telegraph Money | The week's most important personal finance news, analysis and expert advice, from pensions and property to investment ideas and savings tips. |
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The Telegraph take | By Sam Barker personal finance reporter |
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On Monday the City was shocked by the suspension of trading in the giant Equity Income fund run by Neil Woodford, the star fund manager once dubbed the "British Warren Buffett". The decline of the once-feted Woodford is a warning to all investors that even the sagest of investment gurus can, and do, get it wrong. Telegraph Money also discovered that the trend towards working for hip start-up companies can have a sting in the tail when workers reach retirement and find their pots are smaller than expected. Meanwhile, reporter Adam Williams reported on the collapse of peer-to-peer firm Lendy and asked if the shine has worn off the sector. Days later the City watchdog unveiled plans to ban new investors from putting more than 10pc of their wealth in peer-to-peer. Like what you see? Get all our biggest and best money stories – from tax, pensions, investing and more – for just 2 a week with a subscription to Telegraph Premium. Start your 30-day free trial here. |
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