Gina Miller calls for independent investigation into 'shameful' Woodford scandal

Investors are "losing faith" in FCA

James Baxter-Derrington
clock • 2 min read

Gina Miller has called on the Treasury Select Committee to chair an independent investigation into the collapse of Woodford Investment Management.

In an open letter to the committee, Miller said it was "high time" an independent investigation was launched into the Woodford scandal, "along the lines of the recent LC&F and Connaught investigations", to "avoid the habitual and depressing repetition of such scandals". The call comes following the re-emergence of Neil Woodford, who has announced he intends to establish a new investment business, an action which Miller said "discredit[s] both the regulator, and the entire UK financial services sector at a time when trust in the sector has rarely been more crucial". If Woodford was rea...

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 Investment

PA360: Framing of information to investors 'extremely pervasive'

PA360: Framing of information to investors 'extremely pervasive'

Consumer Duty states consumer biases must not be exploited

Jenna Brown
clock 25 April 2024 • 1 min read
Schroders chief executive Peter Harrison to retire in 2025

Schroders chief executive Peter Harrison to retire in 2025

Harrison began his career at Schroders as a graduate in 1988

Cristian Angeloni
clock 24 April 2024 • 2 min read
Future of Investment Festival: Our specialist sessions for advisers

Future of Investment Festival: Our specialist sessions for advisers

Future-proofing advice, building sustainable portfolios, all things SDR

Professional Adviser
clock 19 April 2024 • 2 min read