Former City darling Neil Woodford has been questioned by investigators looking into the collapse of his investment fund, the financial watchdog has revealed
The FCA promised the Treasury Select Committee it would report on its progress by the end of this month.It kicked off the probe in summer 2019, after Woodford s flagship fund was shuttered.
The FCA kicked off its inquiry into what led to the demise of Neil Woodford s investment empire in June 2019. But two years on, MPs slammed the FCA for its slow progress.
The City watchdog is set to update MPs today on its investigation into the downfall of Woodford Investment Management.
The Financial Conduct Authority (FCA) promised the Treasury Select Committee it would report on its progress by the end of this month.
It kicked off the probe in summer 2019, shortly after Neil Woodford’s flagship fund was shuttered, spelling the demise of his investment empire.
Probe: The Financial Conduct Authority launched an investigation in summer 2019, shortly after Neil Woodford’s flagship fund was shuttered
But two years later, nothing has been published – and MPs are putting pressure on the FCA to reach its conclusion.
Warren Buffet names successor, while investment solutions firm makes senior leadership changes
Berkshire Hathaway
World famous investor Warren Buffett has named Berkshire Hathaway’s vice-chairman Greg Abel as his successor for the top job.
Abel has served as vice-chairman since 2018, overseeing the firm’s non-insurance business.
But, at 90 years old, Buffet has no intention to step down.
“The directors are in agreement that if something were to happen to me tonight, it would be Greg who’d take over tomorrow morning,” he told American news outlet CNBC.
Russell Investments
The global investment solutions firm has made a few changes to its senior leadership.