No chance of Woodford investigation findings coming out soon, FCA admits
Delay risks wrath of Treasury Committee
The probe into the collapse of Neil Wooford's Equity Income fund in 2019 is still ongoing
The Financial Conduct Authority has said it does not know when the investigation into the collapse of the Woodford Equity Income fund will end, causing exasperation from the Treasury Committee.
In a letter sent to the Treasury Select Committee, the City watchdog said to date it has conducted 14 witness interviews, with all key interviews now having been questioned.
"The investigation team has also issued over 30 information requirements which has led to the gathering of over 20,000 items of relevant material from all the key parties," FCA chief executive Nikhil Rathi said.