neil woodford

How should the wind-up of LF Woodford Equity Income be treated for tax purposes?

I'm looking for guidance on how the winding up of LF Woodford Equity Income should be treated for tax purposes. I expect that this might be a subject that quite a few of your readers will also need to understand.

Let's suppose I paid 120p for some units, and I receive 60p for each of those units from the January payment, and the estimated total payments will eventually be 85p per unit. Would I, for this tax year:

Fate of Woodford Income Focus fund decided

The fate of Neil Woodford’s other open-ended fund has been decided, with Aberdeen Standard Investments appointed to manage the LF Woodford Income Focus fund.

Thomas Moore and Charles Luke will manage the £268 million fund, which was suspended on 15 October following the resignation and subsequent swift closure of Woodford Investment Management.

Should investment funds face bank-style stress tests?

Investors trapped in the beleaguered Woodford Equity Income fund were hoping that the shuttered fund might reopen in December and they could get their money back. But instead of a Christmas miracle, they’re getting a lump of coal in their stocking, with heavy losses likely as the fund is wound up.

This case has shocked the fund management industry, and raises the question of whether funds should face bank-style stress tests to make sure they can meet redemption requests in falling markets.

Woodford Patient Capital shares soar as new manager appointed

Woodford Patient Capital’s share price has soared in early trading, following the announcement that Schroders has been appointed the new manager of the trust.

Schroders will take the reins by the end of 2019 and will manage the trust in line with its current investment objective of investing in both quoted and unquoted UK companies. The trust will be renamed Schroder UK Public Private Trust.