Page 2 - Transparency Task Force News Today

About 300,000 people could receive payouts but campaigners say it is an "appalling outcome".

Investors in Neil Woodford’s collapsed investment fund are set for £230m in payouts after a court approved a controversial redress scheme.

Critics say settlement prevents investors from launching further legal proceedings

Thousands of investors in Neil Woodford’s fund have been forced to accept an “appalling” compensation scheme after the High Court backed a £230m repayment plan, campaigners say.

Transparency Task Force considering an appeal

It comes nearly five years after 300,000 savers saw £3.7billion of their cash trapped in the Woodford Equity Income Fund when it was shut down.

Investors burnt by the collapse of a flagship fund run by once-famed stock picker Neil Woodford urged a London judge on Thursday to block an unfair redress scheme worth up to 230 million pounds ....

Fund manager still refuses to accept any responsibility for collapse of his flagship fund

This article was first published as part of the Friday Briefing series, which is available exclusively to Investment Week members each week.

Law firm Harcus Parker has called on Woodford investors to vote against the redress scheme proposed by Link Fund Solutions.