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City watchdog set to update MPs on Neil Woodford scandal

No chance of Woodford investigation findings coming out soon, FCA admits

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.

FCA: Don t expect answers on collapsed Woodford fund before year end

FCA to update MPs on Woodford following interviews – reports

FCA to update MPs on Woodford following interviews – reports
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City watchdog set to update MPs on Neil Woodford scandal

The City watchdog is set to update MPs today on its investigation into the downfall of Woodford Investment Management. The Financial Conduct Authority (FCA) promised the Treasury Select Committee it would report on its progress by the end of this month.  It kicked off the probe in summer 2019, shortly after Neil Woodford’s flagship fund was shuttered, spelling the demise of his investment empire. Probe: The Financial Conduct Authority launched an investigation in summer 2019, shortly after Neil Woodford’s flagship fund was shuttered But two years later, nothing has been published – and MPs are putting pressure on the FCA to reach its conclusion.

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