The suspension of the Woodford Equity Income fund is set to spark an industry-wide review of authorised corporate directors (ACDs) headed up by the FCA, following scrutiny of their role in the scandal by politicians, regulators and industry executives.
Woodford's ACD Link Asset Services is currently being scrutinised by the Financial Conduct Authority (FCA), amid monthly discussions over the liquidity of the fund since February, with the regulator now...
Concerns surrounding risk management
Kept details private
More than 4,500 retail investors affected
After failing to turn up to hearing twice
Winning back consumer confidence
Fund manager approaches Salford-based adviser
AR failed last year
Spread the financial services word
'First day of closure' for trapped investors