FCA raised concerns with ACDs twice before Woodford collapse

Kept details private

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FCA raised concerns with ACDs twice before Woodford collapse

The Financial Conduct Authority (FCA) raised concern with authorised corporate directors (ACD) in 2012 and 2014, highlighting issues with their supervision of fund managers.

According to the Daily Telegraph, the watchdog wrote to ACDs demanding they take action on both occasions but chose to keep this out of the public eye. It is not confirmed whether Link Fund Solutions,...

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