Chair of the Treasury Select Committee Nicky Morgan MP has demanded Hargreaves Lansdown (HL) explain its relationship to Woodford Investment Management in the wake of its Equity Income fund's suspension, which "until a short while ago" was displayed on its influential Wealth 50.
In a letter to the firm, Morgan said HL "has been closely linked" with Woodford IM and asked its executives to explain how that link impacted client exposure to the gated fund. It follows Morgan's letter...
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