Share
Investment Week s James Baxter-Derrington
It has now been two years since Neil Woodford showed his last act of unqualified contrition, apologising to investors as he and Link Fund Solutions agreed to suspend the soon-to-be doomed Woodford Equity Income fund.
In that time, four law firms have launched class action lawsuits against authorised corporate director Link (and two against Hargreaves Lansdown), the Treasury Select Committee has appointed a new head and the FCA has had two, and Woodford has attempted to set up shop in at least three jurisdictions.
The book on the matter has quite literally been written twice.
Woodford saga: Industry believes there is light at the end of the tunnel for investors trapped in fund
FCA inquiry will not report this year
Woodford interviewed by investigators probing fund collapse
The Financial Conduct Authority s ongoing investigation into the collapse of the Woodford Equity Income fund has been slow but investors stuck in a limbo might be closer to getting answers, according to industry experts.
In a letter to MPs, the regulator s chief executive Nikhil Rathi said officials have spoken to 14 witnesses and all key interviews are now complete.
Moira O Neill, head of personal finance at interactive investor, said: Today s update from the FCA is short on clarity for the investors who have already been left in at best limbo and at worst in financial misery, for two long years.
Group action law firm Leigh Day has today sent a Letter Before Action to Link Fund Solutions Limited on behalf of over 4,000 Woodford investors, marking its first formal legal step against the authorised corporate director.
British Airways told to return £5,000 to customer who wasn t allowed to change his flight – Which? News which.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from which.co.uk Daily Mail and Mail on Sunday newspapers.