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...

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