7IM has warned that closed-ended funds do not belong on best buy lists despite the recent suspension of the open-ended Woodford fund due to illiquidity. 

Tracker fund sales reached an all-time record of £5.7bn in Q2 spurred by a shift by investors into bond funds.

This week one of our best read stories on Financial Planning Today website was about a firm based in the United Arab Emirates reportedly targeting UK clients by offering a Financial Planning / wealth management-style service.

At Financial Planning Today we receive a large number of press releases each day, sometimes 100 or more. This morning we received one about a firm recommending a fund which it described as “an attractive offering for investors.”