Treasury Committee presses FCA to conclude Woodford investigation

‘As swift as possible’

James Baxter-Derrington
clock • 1 min read
Disgraced fund manager Neil Woodford
Image:

Disgraced fund manager Neil Woodford

Chair of the Treasury Committee Mel Stride has called on the Financial Conduct Authority to bring its investigation of the collapsed Woodford Equity Income fund to a conclusion.

In a letter from Stride to chief executive of the FCA Nikhil Rathi, the chair said he expects the investigation and any regulator action to be resourced so as to enable "as swift as possible a conclusion"...

To continue reading this article...

Join Investment week

  • 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
member?

Login

More on Regulation

The firm agreed to a cease-and-desist order and a censure
ESG

SEC fines BNY Mellon Investment Adviser $1.5m for greenwashing

ESG reviews not performed

Lauren Mason
clock 24 May 2022 • 1 min read
Investor documents were rewritten to downplay the risky nature of Structured Alpha investments.

Allianz hit with $6bn fine over fund manager fraud

Misled investors on risky investments

clock 23 May 2022 • 1 min read
Alex Hoctor-Duncan of River and Mercantile Group

FCA approves AssetCo takeover of River and Mercantile

Important milestone in transaction

Lauren Mason
clock 19 May 2022 • 1 min read
Trustpilot