'No chance': Answers needed as industry reacts to Woodford's slated return to fund management

Shamed manager's comeback met with fury

James Baxter-Derrington
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Woodford recently announced he would launch a Jersey-based biotech fund
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Woodford recently announced he would launch a Jersey-based biotech fund

Neil Woodford's proposed return to the financial services industry has been met with mixed reviews, ranging from surprise, disappointment and confusion to calls for him to be banned from managing money entirely.

Within days of the announcement in his interview with The Sunday Telegraph, the Financial Conduct Authority (FCA) and Jersey Financial Services Commission (JFSC) both released statements confirming the manager had yet to apply for authorisation from the regulatory bodies. Business owner and activist Gina Miller called for an independent inquiry into the fallout of Woodford Investment Management (WIM) in 2019, arguing the public was "losing faith" in the FCA, and Leigh Day, one of the law firms representing former investors, suggested the interview might itself be evidence of mismanagemen...

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