Calls grow for FCA to end 'deafening silence' as Woodford update 'adds insult to injury'

Wind up could push into 2023

James Baxter-Derrington
clock • 2 min read

Pressure continues to mount on the Financial Conduct Authority to provide answers to investors after a recent letter to investors from Link Fund Solutions warned investors in the former Woodford Equity Income fund may have to wait until at least 2023 to see the completion of the sale.

Head of personal finance at interactive investor Moira O'Neill said the regulator owed investors an answer soon to help provide "some sort of closure". "We were expecting news from the regulator by the end of 2021, but the deafening silence has continued well into 2022." Link warns Woodford Equity Income investors wind up may enter third year She added that the authorised corporate director's letter added insult to injury for investors suffering at the drawn-out process and that it only added more questions "when all people want is answers". "Excruciatingly, there was no acknowl...

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
member?

Login

More on Regulation

Editor's view: Where are the SDR Improvers and Mixed Goals?

Editor's view: Where are the SDR Improvers and Mixed Goals?

Naming and marketing rules come into force

Cristian Angeloni
clock 02 December 2024 • 7 min read
UK 'losing out' on growth due to excessive FCA regulation

UK 'losing out' on growth due to excessive FCA regulation

UK Crowdfunding Association criticism

Linus Uhlig
clock 02 December 2024 • 3 min read
Schroders and Baillie Gifford make deadline day moves for SDR labels

Schroders and Baillie Gifford make deadline day moves for SDR labels

Seven more Schroders funds adopt label

Linus Uhlig
clock 02 December 2024 • 2 min read
Trustpilot