Returning the focus to Woodford investors

Friday Briefing

James Baxter-Derrington
clock • 5 min read

Back in April, the FCA released an announcement that offered Woodford investors the first glimpse of light at the end of the tunnel in the form of a settlement with Link Fund Solutions.

Now in June and approaching the fourth anniversary of the suspension of the former Woodford Equity Income fund, the regulator has taken umbrage with the lack of unquestioning praise it seems to have expected to be lavished upon it. Speaking yesterday (1 June) at an absolute mouthful of an event - the City & Financial FCA Investigations and Enforcement Summit - joint executive director of enforcement and market oversight at the FCA Therese Chambers took aim at the "self-interested criticism" of legal claims currently representing thousands of investors who feel hard done by - at least, it...

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