Former City darling Neil Woodford has been questioned by investigators looking into the collapse of his investment fund, the financial watchdog has revealed
This Thursday marks the second anniversary of the suspension of Woodford Equity Income, once popular with hundreds of thousands of investors looking to build long-term wealth.
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.
No chance of Woodford investigation findings coming out soon, FCA admits
Delay risks wrath of Treasury Committee
The probe into the collapse of Neil Wooford s Equity Income fund in 2019 is still ongoing
The Financial Conduct Authority has said it does not know when the investigation into the collapse of the Woodford Equity Income fund will end, causing exasperation from the Treasury Committee.
In a letter sent to the Treasury Select Committee, the City watchdog said to date it has conducted 14 witness interviews, with all key interviews now having been questioned. The investigation team has also issued over 30 information requirements which has led to the gathering of over 20,000 items of relevant material from all the key parties, FCA chief executive Nikhil Rathi said.
UK Financial Conduct Authority: LF Woodford Equity Income Fund Investigation Date
28/05/2021
In June 2019, we opened an investigation into the circumstances relating to the suspension of the LF Woodford Equity Income Fund. On this page we set out our public statements on this matter. We will keep this updated as further information is provided.
28 May 2021
16 February 2021
21 August 2020
On 18 January 2020, Link Fund Solutions Ltd (LFS), the Authorised Corporate Director of the LF Equity Income Fund (LFEIF), started winding up the fund. LFS considered the winding-up of the LFEIF to be in the best interests of all investors and enabled the return of cash to investors at the earliest opportunity.