'An utter disgrace': Industry demands answers two years after Woodford fund collapse

Campaigners hit out at slow pace of investigation

Pedro Gonçalves
clock • 4 min read
Woodford suspended trading on his Equity Income fund two years ago
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Woodford suspended trading on his Equity Income fund two years ago

Two years after the collapse of Neil Woodford's Equity Income fund, and with 300,000 investors still awaiting answers from the regulator despite being set to lose £1bn from its liquidation, industry commentators are calling for a solution to be found sooner rather than later in order to reinstate the public's faith in financial services.

The Financial Conduct Authority (FCA) launched an enforcement probe in June 2019, but it recently admitted to the Treasury Select Committee this was unlikely to conclude until the end of this year, with...

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