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Brazen double standards. That was the verdict last week of many Woodford Equity Income fund investors who contacted me in response to the Government s announcement of the compensation it will pay savers who lost money as a result of the failure of mini-bond provider London Capital & Finance.  On the one hand, they expressed delight that the Government will pay these bondholders £120million in compensation as a result of the City regulator s abject failure to protect their financial interests. The compensation will result in some 10,000 investors receiving 80 per cent of the value of their original investment, capped at £68,000.  On the other, they are seething that so far there appears no inclination to compensate them for the losses they have suffered as a result of the failure of the same regulator (the utterly useless Financial Conduct Authority) to ensure Woodford Equity Income (and its manager Neil Woodford) was abiding by the rules before it was suspended in June 2019. As

City ofUnited kingdomNeil woodfordDame elizabeth glosterGeorge osborneBernard jenkinEquitable lifeEquitable members action groupFinancial conduct authorityPublic accounts committeeWoodford equity incomeLondon capitalEquity incomeWoodford equityDame elizabethExchequer george