The Financial Conduct Authority (FCA) has acknowledged frustration in the time it has taken to investigate the collapse of Woodford Equity Income, but gave scant detail on progress, in a letter to the Treasury Committee.
The letter from FCA chief executive (CEO) Nikhil Rathi to Treasury Committee chair Harriett Baldwin followed the accountability hearing of the FCA on 7 November 2022. The letter, dated 14 December and published today (11 January), responds to a series of questions posed during the hearing and updates the committee on progress in certain areas. Rathi said investigations into parties apart from Link Fund Solutions that played a role in the collapse of the Woodford fund were at "advanced stages" but said publication of the information was subject to "statutory restraints". "If any e...
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