The Financial Ombudsman Service (FOS) has revealed it has received "around 30" Woodford-related complaints in the week that saw the closure of the Woodford Equity Income fund and a subsequent announcement from Woodford Investment Management on Tuesday (15 October) that it would be shutting the firm.
In a statement to PA's sister title Investment Week, the FOS said that while it "cannot give exact figures on how many complaints it has received involving Woodford", it estimated that it has already received "around 30" about financial products offered by the firm.
The spokesperson said: "Most of the products we see complained about are on investments and pensions and these are usually about the misrepresentation of the funds."
Woodford IM declined to comment.
The closure of Woodford Investment Management was announced on Tuesday after Neil Woodford stepped down as manager of the Woodford Patient Capital trust (WPCT).
In an RNS announcement, the board of WPCT said "in light of recent events" WIM had "served notice of termination in relation to its role as portfolio manager."
Following the announcement, Neil Woodford said the firm had "taken the highly painful decision to close Woodford Investment Management".
He added: "We will fulfil our fund management responsibilities to WPCT and the LF Woodford Income Focus Fund and once completed will close the company in an orderly fashion.
"I personally deeply regret the impact events have had on individuals who placed their faith in Woodford Investment Management and invested in our funds."