Calls grow for FCA to end 'deafening silence' as Woodford update 'adds insult to injury'

Wind up could push into 2023

James Baxter-Derrington
clock • 2 min read

Pressure continues to mount on the Financial Conduct Authority (FCA) to provide answers to investors after a recent letter to investors from Link Fund Solutions warned investors in the former Woodford Equity Income fund may have to wait until at least 2023 to see the completion of the sale.

Head of personal finance at interactive investor Moira O'Neill said the regulator owed investors an answer soon to help provide "some sort of closure". "We were expecting news from the regulator by the end of 2021, but the deafening silence has continued well into 2022." Link warns Woodford Equity Income investors wind up may enter third year She added that the authorised corporate director's letter added insult to injury for investors suffering at the drawn-out process and that it only added more questions "when all people want is answers". "Excruciatingly, there was no acknowl...

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 Regulation

Why the FCA's data request demands more than compliance

Why the FCA's data request demands more than compliance

Shift towards data-driven regulation arrives at a 'pivotal juncture'

Claire Cherrington
clock 31 July 2025 • 4 min read
The FCA and non-financial misconduct: Updated rules and guidance

The FCA and non-financial misconduct: Updated rules and guidance

'The FCA hopes that the proposed amendments will increase clarity and consistency'

Claire Cross
clock 29 July 2025 • 4 min read
FOS interim chair named following unsuccessful recruitment campaign

FOS interim chair named following unsuccessful recruitment campaign

Liam Coleman appointed

Jen Frost
clock 28 July 2025 • 2 min read