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th February 2021 7:46 am
Good morning and welcome to your Morning Briefing for Friday 19 February, 2021. To get this in your inbox every morning click here.
MPs demand answers on Woodford probe
Treasury select committee chairman Mel Stride has said the FCA should set out a timeline to complete its Woodford investigation.
The watchdog has confirmed it started the investigation into the Woodford Equity Investment fund the same month it was gated in June 2019.
The FCA is also reviewing the actions of Link Fund Solutions, which acted as the authorised corporate director for Woodford Investment Management’s funds.
In a letter from yesterday, Stride wrote: “The FCA should set out when we can expect its investigation to conclude.”