The Financial Conduct Authority (FCA) may need to review existing rules governing fund management, amid warnings that "investors will see the value of their investment plummet" as a result of the Woodford Equity Income fund's suspension of dealing, legal experts have said.
Investment Week reported recently that Woodford Investment Management could face legal action from investors as a result of its decision to suspend dealing while trading of the fund's assets continues....
Investment Week and Morningstar's latest look at the most consistent fund managers across the unit trust and OEIC universe.
Latest news and analysis
Negative yields unlikely
Six FTSE 100 female CEOs earning 32% less than men
Trade concerns no deterrent to manager's outlook