Market Update – Thursday 19th March…
Property Funds Close In times of strife commercial bricks and mortar property funds are not the place to be. Yesterday all the funds that were still open closed their doors to investors selling their holdings. According to the press this was down to staff not being able to value the properties regularly, but its [...]
Market Update – Prudential’s PruFund
I had a meeting with a client last week who commented that the PruFund ‘defies gravity’. I explained it doesn’t, but so far it hadn’t been affected by the huge losses on the stockmarkets. I also explained that this is not sustainable but lets wait and see. Well, last night we had our answer [...]
Coronavirus update and its effects on investments…
Last night the UK Government upped its action against Coronovirus by recommending not going on non essential flights, not going out to pubs and restaurants and self isolating if you are over 70, among many other things. The EU countries in the Schengen area are closing down their borders and we are in very [...]
MPA reduce office based staff to reduce risk…
In light of recent government updates, MPA treats the safety of its staff with the utmost importance and as a result has today adopted a plan to reduce the number of staff within the office, with effect from Wednesday 18th March 2020. The Management team at MPA initially held a meeting with each staff [...]
MPA to cease all meetings in the office with immediate effect…
Last night the UK Government upped its action against Coronavirus by recommending not going on non essential flights, not going out to pubs and restaurants and self isolating if you are over 70, among many other things. As a result, the Directors at MPA today called an emergency meeting with the Management team and [...]
Spring Budget – 2020 Summary
Rishi Sunak delivered his first budget yesterday in difficult conditions for the economy with Covid 19 and an oil crisis causing mayhem in the markets, but he seemed to get the balance about right between saving and spending. The main headlines are as follows that affect our clients generally. Income Tax The personal allowance [...]
MPA comment on the impact of Coronavirus (COVID-19)
This article is correct as of the 4th March 2020. As you may be aware there has been an economic shock over the last few weeks to the spread of COVID-19 on the markets. Things have begun to calm a little but if you are concerned, I hope the following helps understand our view [...]
MPA CF make a donation for a new playground for Claverdon…
Last month the MPA Charitable Foundation were approached by Sue Sargent from Claverdon Playground seeking sponsorship from local companies to help buy equipment for the refurbishment of the existing playground. The playground has been enjoyed by local children, grandchildren and visiting friends and families for many years. Unfortunately, in recent years a number of [...]
Woodford Investors to receive notification of the amount they will receive…
Dear Investor, THIS LETTER IS IMPORTANT - PLEASE READ LF Equity Income Fund (formerly named LF Woodford Equity Income Fund) (the “Fund”), a sub-fund of LF Investment Fund (formerly named LF Woodford Investment Fund) (the “Company”). Notification of payment of first Capital Distribution to investors We, Link Fund Solutions Limited (“LFS”), advise that [...]