Hargreaves Lansdown CEO apologises to clients stuck in Woodford fund

First public comment since incident

Anna Fedorova
clock • 1 min read

Hargreaves Lansdown chief executive Chris Hill has issued an official apology to investors locked in the suspended Woodford Equity Income fund.

The platform has been a staunch supporter of Neil Woodford's fund since launch and has kept it on its Wealth 50 list of recommended funds up until the fund was frozen. However, the recent events have forced the fund supermarket to apologise to the tens of thousands of its customers affected by the suspension of the vehicle. In his first public statement since the suspension was announced on 3 June, CEO Chris Hill said: "I would like to apologise personally to all clients who have been impacted by the recent problems with the Woodford Equity Income fund. We all share their disappointme...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Foster Denovo pre-tax loss widens to £1.1m despite group growth

Foster Denovo pre-tax loss widens to £1.1m despite group growth

Eyes further acquisition expansion

Isabel Baxter
clock 12 October 2026 • 2 min read
Sarasin & Partners to join forces with Stellar AM on AIM proposition

Sarasin & Partners to join forces with Stellar AM on AIM proposition

Firm to retain full investment control

Jack Roach
clock 06 October 2026 • 1 min read
Nuveen completes Schroders deal to create $2.6trn mega-manager

Nuveen completes Schroders deal to create $2.6trn mega-manager

London to serve as non-US headquarters

Jack Roach
clock 01 October 2026 • 2 min read