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Media Centre

Woodford Funds Crisis Still Hogs Headlines

Oct 23 2019
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Woodford Funds Crisis Still Hogs Headlines

In recent days the British news media have reported that the suspended LF Woodford Equity Income Fund (WEIF), which has about 3.5 billion pounds worth of assets locked up inside it, will be liquidated, wound up and, starting from January 2020, funds returned to investors.

The Trusts Act 2019

Sep 17 2019
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The Trusts Act 2019

The Trusts Act 2019 (“the Act”) became law on 30 July 2019 but most of the provisions will not apply until 31 January 2021. This will give trustees an opportunity to understand the Act and to consider what they may need to do to comply. This article outlines some important changes that may affect you. 

Term Deposits - How low can they go?

Aug 20 2019
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Term Deposits - How low can they go?

In recent months interest rates have set new lows in New Zealand and Australia. As interest rates have fallen, New Zealand investors have had stellar performance, but unfortunately there’s not much further rates can go, and as they get lower so do our expected future returns for term deposits, fixed interest and equities. 

Trustees Travel Guide

Aug 20 2019
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Trustees Travel Guide

Planning a long trip? Overseas perhaps? Want to have peace of mind about your affairs at home and abroad while you are away? If so, there are a few matters you should check out before you go.

Trustees Executors - Community Volunteering

Jul 11 2019
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Trustees Executors - Community Volunteering

Wellness is important to us and as part of our Wellness Programme at Trustees Executors, we have introduced Community Volunteer Days to provide staff with an opportunity to give back to the local community. In June, our Auckland based team spent some days volunteering at various organisations to help make a difference.

The LF Woodford Equity Income Fund Suspension - Part 1

Jul 11 2019
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The LF Woodford Equity Income Fund Suspension - Part 1

A prominent British retail managed fund has fallen into strife, in the process triggering serious questions about the way in which such financial products should be managed and regulated.  The case of the LF Woodford Equity Income Fund (WEIF) has raised concerns about why such a closely monitored and apparently compliant managed fund was abruptly forced to suspend investor trading in its shares due to an asset liquidity crisis.  In the first section of two articles, we examine how WEIF’s crisis was brought about by the investment manager’s decisions.  In the second part, we will consider issues arising around the supervision of the fund by related parties and the regulator.