Investment
UK government plans to reform RPI could cost savers £122bn
People with life insurance, pension policyholders and DB scheme members will be most affected
Trapped Woodford Equity Income investors to be paid £183m
But Link remains coy on sale of remaining assets
Goldman Sachs AM launches Hong Kong retail fund
As it partners with Citic Bank for distribution of the product
UK taxman loses long-running inheritance tax court battle
Ill-health pension transfer not liable for IHT, but HMRC right to charge for ‘omission of benefits’
DFMs had already shunned UK ahead of record GDP plummet
‘We haven’t been adding to UK risk asset exposure either before the crisis broke out or during it’