HL: Woodford IM did not inform us of February 2018 breaches
Chris Hill's letter to Treasury
Hargreaves Lansdown CEO Chris Hill
In a response to a Treasury Committee letter on its investment into Neil Woodford's suspended Equity Income fund, Hargreaves Lansdown has revealed Woodford Investment Management did not inform the platform the fund breached the 10% limit to unlisted holdings last year, which was exposed by the FCA yesterday.
In a letter responding to Nicky Morgan MP, chair of the Treasury Committee, HL CEO Chris Hill outlined the fund supermarket's interaction with Neil Woodford with regards to Equity Income's unqouted holdings,...
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