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Will Woodford crisis kill off income funds? Era of low-risk dividends is over, analysts

Woodford Equity Income, which reached a peak size of £10.2bn in 2017 but now looks after just £3.7bn of savers money, has had a dismal run over the past three years. Part of this is due to investors pulling their money out of the fund, which is what led Woodford to freeze their money this week. But he has also made a string of bad bets on companies.

Woodford Patient Capital Trust, which is a member of the FTSE 250 index, dropped another 2.6 per cent to 62.8p as investors deserted the fund manager.

I have a 12-sided Australian 1982 Commonwealth Games 50 cent coin - is it worth a mint?

The 1982 Commonwealth Games were the 12th iteration of the sporting games that feature the countries that made up the British Empire. They took place in Brisbane, the capital of the north-eastern Australian state of Queensland, between September 30 and October 9 1982. The coin has 12 sides, and features 12 sporting events that took place. These ring the Commonwealth Games logo from 1982; three bands that form a stylized 'A' for Australia, and are also supposed to depict a Kangaroo in mid-flight.

Undated file photo of a council tax bill.

Fraudsters are claiming people are due a refund, which they can claim for a "fee", or demanding payment for arrears, town hall leaders have warned.

Seventy-five years ago brave British and Allied forces were making their way inland from the Normandy beachheads in the workhorse 4x4 of World War II - the Jeep.

Pollution, health, waste and joblessness - start-ups globally are finding solutions to the world's toughest problems and making money too. We talk to 10 innovators that are making a difference

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How DID they let it happen? Rgulators under fire over crisis engulfing star fund manager

Lord Myners, who was City minister during the banking crash, said the Financial Conduct Authority was not 'awake' when Woodford started 'clever dealings' that should have set alarm bells ringing. The peer compared the regulator to crime scene investigators from TV show Line Of Duty 'who arrive after the damage has been done and did not anticipate what was happening even though there were clear warning signs that things were going badly'.

There is much about the 'gating' of the Woodford Equity Income Fund (WEIF) and the subsequent collapse in value of the still-trading Patient Capital Trust which is scandalous.

James Daunt will become chief exec of Barnes & Noble after the struggling US giant was snapped up by Elliott, the Wall Street hedge fund. Elliott has owned Waterstones since April 2018.

Richard Womack is demanding the multi-million pound sum and a 10 per cent stake in the retailer as part of claims that chairman Mahmud Kamani breached an agreement.

The deal, which a source close to the process said was valued in the high double digit million pound range, also includes skincare brands, Eurax, Polytar and Oilatum and cough remedy Tixylix.

As the name suggests, TR Property invests in property around Europe. It was formed in 1905, and aims to grow shareholders' initial investments over a long period.

What's gone wrong for Neil Woodford and Philip Green? This is Money podcast

It has been a rocky week for fund manager Neil Woodford and retail mogul Sir Philip Green - what has gone wrong for the pair and what can they do to recover? We also discuss the High Street, a 'bonkers' plan to tap pensions for first-time buyer deposits and an update on the state pension forecast fiasco.

Bank of England chief Mark Carney has raised concerns that a potentially much more damaging fallout could result from a crunch involving emerging market debt funds.

These include pharma firm Circassia, which dropped 9.3 per cent to 20p in the week, as well as mattress maker Eve Sleep, down 9.5 per cent at 5.9p, and lorry group Eddie Stobart.

Best big new cars for blossoming families

The research found that only four of 12 SUVs had the capacity for three or more child car seats using Isofix points at once. However, all four MPVs tested could take at least a trio of child seats.

It's stating the obvious to say the High Street is in crisis. It's worse than many think. In the year to April, the number of empty shops across the UK increased by more than 7,500.

Britain's biggest mortgage lender said that May's sharp rise in prices was against a backdrop of 'particularly low' growth in the same period last year.

Would you lock your cash away for 10 years with Leeds BS?

The mutual has become the only current financial provider to offer a ten-year fixed-rate savings bond. It comes with a 2.5% rate - we ask the experts whether opening it is a wise move.

Edinburgh Worldwide has returned 163 per cent over the past five years, outperforming both its global sector and benchmark averages of 86 per cent and a loss of 32 per cent respectively.

Nicky Morgan MP, chair of the Treasury Committee, called new Government findings revealing virtually no understanding of the link between child benefit and the state pension 'dire', but not surprising.

Parents are confused to find child benefit errors can hit their state pension

Parents have virtually no understanding that they could end up with a smaller state pension if they fail to fill in a child benefit form, according to Government research. One mum described herself as 'gutted' when she realised she had missed out on valuable credits towards her pension, while others admitted they didn't see the point in filling in a form for child benefit when they weren't entitled to get payments.

We explain what has happened to women's state pension age (and how men's are being raised now too), what arguments are being made at the High Court, and what might happen next.

MARKET REPORT: Millennium & Copthorne surges after Singaporean group launches a £2.2bn

City Developments - part of the Hong Leong Group owned by billionaire Kwek Leng Beng - tabled an offer worth 685p a share. M&C; stock jumped 35 per cent, or 175p, to 675p. City Developments already owns 65 per cent of the company and Kwek is M&C; chairman. It has already tabled bids worth £1.8bn and £2bn but failed to convince shareholders to back those earlier offers.

Jansen took over from ousted boss Gavin Patterson in February. The married father of five joined the telecoms group from payment processing firm Worldpay.

Banks Group, which operates mines in north-east England and Scotland, wants to launch a site at Highthorn near Druridge Bay to extract almost three million tonnes of coal over five years.

Games Workshop shares march higher as sales surpass £250m

In a characteristically brief pre-close trading update, it said that sales for the past 12 months would likely reach £254million - a 17 per cent jump on last year - while profits will exceed £80million. The Nottingham-based company, which has seemingly swerved tough conditions on UK high streets, also paid out more than £5million in bonuses to staff for the second year running.

The FTSE 250 listed company has invested £1million to buy a 20 per cent minority stake in STRYYK, which makes 'zero-proof spirits for the next generation of partygoers'.

During my ten years at John Lewis I regularly lobbied for changes to business rates. However there have only been modest improvements to the system, and we now need to go much further.

We speak to successful business owners over 50 - who prove you're never too old to start a

Instead of taking it easy, a growing number of over-50s are now delaying retirement by starting their own firm, fuelling a 'grey business' boom. We speak to seven business bosses who did just that - and give their tips and advice, including Jean Rasbridge, 67, pictured, who started a successful vaping company in her mid-50s.

Homeowners are now able to buy a whole range of futuristic devices including doorbells with cameras and a gadget that can turn your garden hose on and off at two minute intervals.

The Competition and Markets Authority (CMA) said households with pre-payment meters were unlikely to have one of the new digital meters by 2020.

How to beat holiday fraudsters: Tips for holidaymakers to protect against scams

According to the UK cybercrime reporting centre Action Fraud, more than 5,000 scam victims lost a total of £7million to holiday and travel-related fraud in 2018 - up from 4,300 victims in 2017. But what were the most common scams, and what warning signs should jet setters be aware of?

Claims can easily extend to tens of thousands of pounds with one recent example seeing a couple in America requiring nearly £600,000 worth of support from their travel insurer.

When you're taking a trip in Britain, you may still want to consider purchasing travel insurance and checking with your usual insurance provider about other aspects of your cover.

Five-year fixed rate mortgages versus two year mortgages - the pros and cons

The average two-year fixed rate deal has fallen by 0.03 per cent from January to 2.49 per cent this month, while the average five-year fixed rate deal has decreased by 0.09 per cent to 2.85 per cent over the same period.

ASK TONY: My insurer refused to pay a local firm to fix burglary damage

In February, intruders broke in to my home, using a blowtorch to burn off the locks on two PVC double-glazed doors to the conservatory and the kitchen. I claimed for two replacement doors with my home insurer, Ageas, as both doors and frames were damaged. At the time of my initial call, it offered a cash settlement of £717, even though it had no visual evidence of the damage.

At the age of 29, Javier Larragoiti's efforts have translated into a $310k reward after his business Xilinat won the Chivas Venture 2019 entrepreneurial competition.

The use of cash has slumped dramatically in the last decade as people turn to debit cards, new banking industry data shows, fuelled by contactless payments.

What to do if you invest in Neil Woodford's suspended fund

Neil Woodford's Equity Income fund investors have been assured that while the value of their investment could rise or fall their money is safe, but they cannot get at it for at least 28 days... and they will still be charged fees. The shock decision to block withdrawals from the flagship fund has left many investors asking what will happen to their money. We answer the common questions.

Neil Woodford may have temporarily slammed the doors on his Equity Income Fund, but for most, this will hopefully prove to be an inconvenience rather than a disaster.

Investors who have stuck with Woodford's Equity Income fund, including yours truly, are now locked in until an unspecified future date - in a move trailed as protecting us, but will it?

Hargreaves Lansdown owes its customers one hell of an apology. Neil Woodford's decision to block withdrawals from his Equity Income Fund was a shocking blow for investors.

The cult of personality in fund management is relatively new. In the manner of Premier League footballers, they started to believe in their own myths and felt justified in earning huge fees.

I beat the car hire cowboys, and so can you!

After countless emails, hours of Googling, phone calls and no less than eight months of chasing, MARK MORGAN has just received a refund of £61.50, from Goldcar. The Madrid-based firm debited £1,140.16 from Mark's account as a deposit, but only refunded £1,084.48. The discrepancy of £55.68 was unexplained.

While there is some a general uniformity and standardisation when it comes to roadside instructions, some European countries have signs that are unique from any other nation.

State pension data blunder means 360,000 may have WRONG forecasts

The shocking extent of inaccuracies in state pension forecasts was revealed by the current Pensions Minister, Guy Opperman, in a letter to a predecessor, Steve Webb. This follows Mr Webb's joint probe with This is Money into mistakes reported by our readers, who were misled into thinking they will get a higher state pension than they are due.

When Charlotte Wilkinson was unable to log into her Facebook account, she assumed she must have inputted the wrong password. It turned out that fraudsters had seized control of her account.

There is nothing to stop mothers and fathers who have taken care of their own retirement from putting money into their children's private pension funds - even if the child is grown-up.

ALEX BRUMMER: A frightening move straight from the Marxist playbook

ALEX BRUMMER: Among all of Labour's crackpot schemes to destroy free market capitalism in Britain, none is more frightening than the proposed 'grab' of private land that the party has just unveiled. It is a move straight out of the Marxist playbook, a tactic regularly deployed by autocrats the world over with the aim of burnishing their revolutionary credentials - with dramatic consequences. What Labour is determined on is a new age of collectivism. Well, we know how disastrously that worked out in the former Soviet Union and elsewhere - famine and starvation. For modern day examples, look no farther than Zimbabwe and Venezuela, where the confiscation of large swathes of property from the landowners to be gifted directly to workers led to collapsing food production, economic slump, and was a factor in the hyper-inflation and widespread poverty that followed.

Communities Secretary James Brokenshire said Labour was considering a new homes tax on Middle England which would target family-sized houses with large gardens.

A Labour commissioned report, called Land for the Many, said council tax should be replaced with a new 'progressive' levy targeting larger homes with gardens.

Will I need an International Driving Permit when I travel to Europe this summer?  

I am travelling to France and Spain this summer and will be driving for part of the trip. As there is still so much Brexit uncertainty, I don't know whether I will need to buy an International Driving Permit. Do I need to purchase one or can I drive with just my normal driving license?

Ofgem, the energy regulator, blamed the soaring wholesale costs as the reason it hiked up the energy price cap limit in April after it had been in place for just three months.

The problem means that thousands of customers have been unable to see energy consumption figures for gas or electricity readings. Bulb says it has identified the problem and it is working to fix it.

The Tenant Fees ban: What renters need to know

In what has been hailed as a major victory for the country's 4.7 million rented households, the 'Tenant Fees Act' outlaws additional charges when a tenant signs up for a new property or renews a contract. These charges can range from arranging a viewing on a property to carrying out a reference check or renewing a contract, and typically add an extra £300 onto the cost of moving.

Clydesdale and Yorkshire Bank Group bought Virgin Money last year to create the UK's sixth largest bank. It plans to change the name to the better-known Virgin Money brand.

Casual investors looking to invest in peer-to-peer lending platforms will be banned from putting more than 10% of their assets into the sector from December

Stunning pictures show Land Rover's new Defender testing in Africa

The new long-awaited 4X4 has moved a step closer to production after successfully completing a demanding programme supporting the lion conservation initiatives of animal welfare group Tusk in Kenya to help highlight the critical situation faced by lions across Africa.

The tests uses a dummy head wearing a helmet being launched towards the bonnet of a stationary Volvo at different speeds and angles to measure the impact protection the products offer.

Mr Grayling pledged to launch an urgent review to ensure drivers can 'refuel affordably' unless motorway retailers share live data on how much they are charging.

Funeral plan providers face a major crackdown amid concerns over 'shameful' sales practices, high fees and a lack of transparency around where their customers' money is kept.

Notice accounts allow savers to access their cash after they have given notice - usually between 30 and 180 days. The top performing notice account is offered by Secure Trust Bank.

How much money do I need to save for my pension?

The amount you can save into a pension ultimately depends on what you can afford - but the longer you leave it the more you will need to save. We tend to put ambitious targets on our hoped-for income in retirement and then underestimate how much we will need to set aside to achieve that. So how much should you save?

Each week we pick out our favourite financial deals to slash your outgoings and make your money stretch further. This week it's savings accounts, a top travel credit card and best-buy mortgages.

Best stocks & shares Isas: Pick the best DIY investment platform

Choosing the right DIY platform is crucial but a wealth of choice and changes to charges have left many investors scratching their heads. We pick some of the best. We also highlight why investing in an Isa makes sense, as it should protect your hopefully growing investments from tax forever.

We asked trusted experts to recommend the best funds that cover different investment sectors - and included This is Money's selection of active and passive options too.

Rightly or wrongly, some people simply want a quick, straightforward route map to investing in an Isa. To that end, this is our distilled guide to getting started.

When will UK interest rates rise?

Lower than expected inflation figures have added weight to expectations that interest rate rises will remain on hold throughout most of 2019. This combined with the Brexit extension is forecast to keep monetary policy steady, with rates held at 0.75 per cent. While unemployment is low and wages are rising, there are still concerns over Britain's consumer economy and business investment being stalled by continuing Brexit uncertainty.

Best mortgage rates: Compare fixed rate and tracker rate mortgage deals

Two-year fixes have plateaued in price over the past few months, following a prolonged period of falling rates thanks to fierce competition among lenders. But longer-term fixes have continued to fall, narrowing the gap between two and five-year deals, according to research from financial experts Moneyfacts.

Ten tips for buy-to-let: Essential advice for property investment

Buy-to-let is much tougher than it once was. But for many Britons the idea of investing in property still appeals, as they trust bricks and mortar and may feel that they can add value to a property. Read our top ten buy-to-let tips

Premium Bonds Winners

Prize Area Value of bond
£1,000,000 Hertfordshire £10,000
£1,000,000 Kent £1,000
£100,000 Norwich £5,000
£100,000 Kirklees £14,000
£100,000 Suffolk £9,000
£100,000 Bristol £48,000
£100,000 Shropshire £29,990
£50,000 Kent £10,000
More June 2019 winners
View list of June 2019 winners
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