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What's gone wrong for fund manager Neil Woodford and retail mogul Sir Philip Green?
Published 7 years, 1 month ago
Description
It's been a rocky week to say the least for Britain's most recognisable fund manager Neil Woodford – he suspended trading in his flagship fund, leaving savers unable to access their cash.
And we still don't know the future of Sir Philip Green and his Arcadia empire, after a crucial rescue vote was suspended.
This is Money assistant editor Lee Boyce, retail reporter Emily Hardy and host Georgie Frost discuss how it has gone wrong for the pair.
What has led Woodford to this point, could there be a Financial Conduct Authority investigation, are savers trapped in the fund safe – and can he recover?
Arcadia – with brands like Burton and Topshop – could be set to close 50 stores with the loss of 1,000 staff. What is a CVA and why hasn't Sir Philip managed to get a deal approved this week?
We also discuss the High Street in general and a worrying set of figures – what can be done to help stop the decline?
Elsewhere, we run the rule over a 'bonkers' plan for first-time buyers to raid pension pots for deposits and Lee urges savers to engage with their retirement savings.
And we finally manage to get the Pensions Minister to give us a precise figure on how many people may have received incorrect state pension forecasts.
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Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen Crane
Producer: Georgie Frost
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