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...

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