Woodford Financial News

15.12 / 10:29

companies FCA Woodford FSCS Woodford investors urged to join lawsuit against Hargreaves Lansdown

'Now that claims against Link will likely not be possible, the RGL Group’s claim against Hargreaves Lansdown is the only route for investors to claim the full redress they are owed.'

24.11 / 14:05

industry FCA Woodford FSCS Harcus Parker urges Woodford investors to vote against 'bad deal'

'It is our view that the information supplied by Link and the Financial Conduct Authority has not been written in a way that easily reveals its meaning.'

23.11 / 08:39

industry FCA Woodford saga Hundreds of investors call for probe into FCA's handling of Woodford saga - reports

Blackman accused the regulator of understating investor losses, misrepresenting the value of the redress scheme, acting inappropriately by endorsing the scheme and failing investors by not publishing its investigation into the fund and its former manager.

04.10 / 14:11

regulation financial conduct authority FCA Woodford FCA confirms Link Fund Solutions investigation will be published if investors accept Woodford deal

Therese Chambers, joint executive director of enforcement and market oversight at the FCA

11.09 / 08:13

companies financial conduct authority FCA Link Fund Solutions Deal Woodford Woodford deal requires 'careful thought' from investors

The practice statement letter noted the FSCS had yet to make a determination regarding any potential compensation

07.09 / 12:25

COST UPS Provident companies cover Woodford 2024 Woodford investors set for early 2024 payout if scheme passes

To pass, at least 50% of investors in number representing at least 75% of the value of the fund who vote must approve the scheme.

28.07 / 13:57

regulation companies Financial Services Wealth managers financial conduct authority FCA Asset Managers Woodford compensation 2024 FCA: Woodford compensation payments could begin as early as 2024

The update revealed the creation of an investor committee to be chaired by Jamie Drummond-Smith, a former Deloitte partner who oversaw the company voluntary arrangement of Arcadia Group as interim chair.

28.07 / 09:17

Citi PwC Woodford compensation PwC to oversee £235m compensation scheme for Woodford investors

PwC will oversee a multi-million pound compensation scheme for investors trapped in Neil Woodford’s defunct Equity Income fund.

21.07 / 12:31

regulation Financial Services financial conduct authority FCA Asset Managers Woodford No mention of Odey or Woodford in FCA annual report

Four skilled persons reviews within asset management and alternatives portfolios were carried out over the year to 31 March 2023.

01.06 / 07:37

Woodford Woodford collapse four years on: ‘It will take longer for trust and consumer confidence to return’

For the more than 300,000 investors trapped in Neil Woodford’s defunct flagship fund, the UK regulator’s announcement in April that they are in line for more than £230m in compensation could not have come soon enough.

20.04 / 06:49

Citi Woodford compensation Woodford investors to get £235m in compensation after FCA probe

Investors in Neil Woodford's collapsed fund empire are due to receive £235m in compensation after a Financial Conduct Authority investigation into authorised corporate director Link Fund Solutions.

09.03 / 03:07

Woodford Link Fund Solutions bidder: Let’s ‘move past’ Neil Woodford scandal

The boss of the firm bidding for Link Group’s funds solutions arm says he hopes a deal will help the UK asset management industry “move past” the Neil Woodford scandal that has plagued it for almost four years.

20.02 / 11:07

Woodford Link in talks to sell fund solutions business as Woodford probe continues

Link Group, the firm that acted acted as the authorised corporate director for Neil Woodford's collapsed fund empire, is in talks to sell its fund solutions business, as a potential settlement with the Financial Conduct Authority over its conduct nears.

10.10 / 14:57

UPS Woodford Fine Talks between Woodford administrator and FCA extended over potential £50m fine

Link Fund Solutions, the administrator responsible for the oversight of Neil Woodford’s former flagship investment fund, has been given longer to respond to a draft warning notice from the UK regulator regarding a potential £50m fine for oversight failures.

21.09 / 11:57

Woodford Fine FCA warns Link it faces £50m fine over Woodford fund collapse

The Financial Conduct Authority warned the administrators responsible for overseeing Neil Woodford's now defunct flagship investment fund that it could face a £50m fine as part of enforcement action.

15.09 / 15:27

Woodford week FCA shows hand on Woodford probe, Smith folds FEET: Asset management this week

Welcome to Financial News’s brand new weekly asset management update. It’s a great week to kick things off, as we've just published the shortlist for our Excellence in Institutional Fund Management Awards.

12.09 / 23:35

Woodford Fine Woodford fund administrator Link faces £306m FCA fine

The Financial Conduct Authority said it could fine Link Fund Solutions £306m for failing to properly manage liquidity in the now defunct flagship fund overseen by Neil Woodford.

15.06 / 05:37

UPS Action Woodford Woodford fund administrator’s woes mount as law firms double up for legal action

Two law firms representing thousands of investors left trapped in Neil Woodford's defunct flagship fund have joined forces to pursue a multimillion pound claim against its administrator.

14.06 / 17:29

UPS Action Woodford Woodford fund administrator’s woes mount as law firms double up for legal action

Two law firms representing thousands of investors left trapped in Neil Woodford's defunct flagship fund have joined forces to pursue a multimillion pound claim against its administrator.

14.06 / 16:01

Woodford Law firms join forces in multi-million pound claim against Woodford fund administrator

Two law firms representing thousands of investors left trapped in Neil Woodford's defunct flagship fund have joined forces to pursue a multi-million pound claim against its administrator.

31.05 / 23:29

UPS Invesco Woodford Woodford three years on: ‘Shameful’ silence as trapped investors still await justice

Paul McInerney was among the thousands of retail investors who backed Neil Woodford some eight years ago, when the star UK fund manager readied his departure from Invesco Perpetual to set up his own venture.

Woodford Financial News

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