FCA to update MPs on Woodford following interviews - reports

FCA looking at "spirit of" rules

Kathleen Gallagher
clock • 1 min read

The fate of Neil Woodford will become clearer on Friday (28 May) as the Financial Conduct Authority (FCA) will update the Treasury Select Committee on its ongoing investigation into the collapse of the Woodford Equity Income fund.

The regulator has the power to fine or ban individuals or firms if they find wrongdoing. Their investigation is focused on the behaviours of Woodford and Link Fund Solutions and whether they acted in the interests of all of its investors by reducing the liquidity of the fund, according to the Financial Times. The FT said the FCA is also looking at if the parties have broken the "spirit of" rules. New Woodford venture expects to triple investor cash in three years Woodford, his business partner Craig Newman, and senior figures from Link Fund Solutions, have all been inter...

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

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

Making technology work better

Katrina Lloyd
clock 03 July 2025 • 9 min read
IFAs look to boost clients' private markets exposure

IFAs look to boost clients' private markets exposure

Expect increase in stock market volatility

Jen Frost
clock 02 July 2025 • 2 min read
Winds of change: Private markets access for retail investors

Winds of change: Private markets access for retail investors

Investing in LTAFs, accessibility aside, needs careful consideration

Dorian Hughes
clock 02 July 2025 • 5 min read