MPs have urged the Financial Conduct Authority (FCA) to set out when it expects to conclude its lengthy investigation into the collapse of Neil Woodford’s fund.
A separate review has already found Bailey and the FCA responsible for a number of failings over London Capital & Finance, which also collapsed in 2019, leaving 12,000 savers facing losses of up to £237million.
But the Woodford scandal was even more costly, and pressure is mounting on regulators to bar him from the fund management industry until a full investigation has taken place.
Hundreds of thousands of savers lost more than £1billion after Woodford s Equity Income fund fell apart two years ago.
Many of them were customers of Hargreaves Lansdown, a Woodford cheerleader for years who critics also believe should be investigated.
Neil Woodford revealed his comeback plans last weekend, announcing in a tearful interview with the Sunday Telegraph that he was sorry for his past performance but did not want his career to be over.
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