Consultant and staffing costs surpass £510k at Woodford IM as a result of FCA investigation

£4.5m loss for year ended 31 March 2021

James Baxter-Derrington
clock • 1 min read
Neil Woodford
Image:

Neil Woodford

Consultant and staffing salaries at Woodford Investment Management topped more than half a million pounds over the year to 31 March 2021, as costs associated with the Financial Conduct Authority's investigation into the collapse of Woodford Equity Income begin to mount.

According to the year end accounts, the only two remaining members of staff split wages and salaries of £510,250, along with social security costs of £119,204 and other pension costs of £29,000, for a...

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