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UK IFAs are among hundreds of creditors facing severe losses in a £60m investment scheme marketed as low risk but "tainted with illegality", according to the firm's liquidators.
Hargreaves Lansdown is reducing the minimum investment required to open an account from £500 to £100 in a bid to entice low-value clients.
Neil Woodford has added a new position in Royal Mail to his £2.4bn Woodford Equity Income fund as the company's share price began to falter this year.