When Neil Woodford’s LF Woodford Equity Income fund collapsed in the summer of 2019, accusatory fingers were pointed in different directions. Woodford was blamed, of course, for an “over-reliance on large, illiquid assets”.
FT said the FCA is also looking at if the parties have broken the spirit of rules.
Woodford, his business partner Craig Newman, and senior figures from Link Fund Solutions, have all been interviewed.
The update comes nearly two years after the fund was frozen and the FCA have been coming under increasing pressure to reveal its progress.
Earlier this year Woodford revealed he was establishing a new venture, Woodford Capital Management Partners.