Woodford says 'no' to waiving fee on suspended Equity Income fund

Fee to remain unchanged

Emanuela Hawker
clock • 1 min read

Woodford Investment Management has refused to waive the fee on its suspended flagship fund.

Hargreaves Lansdown has been in talks with Woodford IM regarding the suspended Equity Income fund, for which the platform waived the fees on 5 June following its gating. Woodford IM could face legal challenges with Equity Income investments set to 'plummet' A spokesperson from Hargreaves Lansdown said: "We spoke to Neil Woodford and his team and urged them strongly to join us in waiving the fee. We said it was the right thing to do but Woodford said 'no'." As a result of this, investors in the flagship fund will continue to pay the annual management fee of 0.75% per year when the f...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Funds

UK equity funds continued to experience the heaviest outflows of any region, with investors redeeming £1.3bn over the month.

Outflows slow to £137m in October as UK investors gravitate towards safer assets

Investment Association UK fund flows

Valeria Martinez
clock 07 December 2023 • 2 min read
The fund has an investable universe of more than ten sovereign and quasi-sovereign issuers and over 500 corporates across 15 countries.

Amundi unveils Asia income ESG bond fund

Managed by Joevin Teo

Valeria Martinez
clock 07 December 2023 • 2 min read
CEO Ian Simm (pictured) told Investment Week about the firm’s plans to launch a social themes equity strategy earlier this year.

Impax AM launches first Article 9 social equity strategy

'Strong corporate cultures'

Valeria Martinez
clock 05 December 2023 • 2 min read