'Just wrong': Woodford demise sparks difficult questions for regulators

Experts warn of lengthy delays in investors recouping losses

The closure of the Woodford Equity Income fund (WEIF) could leave investors waiting for their money for "years", with the affair likely to have ramifications for the authorised corporate director (ACD) market and regulators' future approach to fund liquidity standards, according to industry commentators.

WEIF's closure, which subsequently led to the demise of Woodford Investment Management (IM), has left investors continuing to pay fees to BlackRock Advisors and Park Hill, while the firms unwind the fund's...