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St James's Place, Hargreaves react to Woodford saga

News Team, 06/06/2019

Two major wealth managers have announced changes to their dealings with Woodford Investment Management.

St James’s Place (SJP) has terminated its mandates with Woodford, instead transferring these to Richard Colwell at Columbia Threadneedle Asset Managament and Nick Purves at RWC Partners.

The affected SJP funds are the UK High Income Unit Trust, UK Equity (Life and Pension), Income Distribution (Life) and SJPI UK High Income funds.

Neil Woodford yesterday (5 June) issued a video apology to his investors for suspending dealing in his Woodford Equity Income Fund on Monday. Investors had requested a...


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