The Financial Conduct Authority (FCA) has said it has launched a formal investigation into the suspension of the LF Woodford Equity Income fund, as it also revealed the fund breached the 10% exposure to unquoted holdings limit in February last year.
In an open letter penned by the chief executive of the FCA Andrew Bailey in response to the Chair of the Treasury Nicky Morgan said the FCA has been in regular contact with Woodford Investment Management's...
Publishes consultation paper
Exploring the effects of shake-up
More emphasis on corporate governance and responsibility
quality growth equity and long-duration bonds dominate