Advisers call on FCA to strengthen investor protections following Woodford collapse Advisers call on FCA to strengthen investor protections following Woodford Financial advisers have called on the City’s watchdog to impose stronger investor protections where illiquid assets are held in funds, drawing on lessons learned from the collapse of Neil Woodford’s flagship fund. Since the fund was shuttered by former star stockpicker Woodford in late 2019, the biggest lesson learned among financial advisers was to give [...]
Woodford investors to wait until 2022 at earliest for last £124m Woodford investors to wait until 2022 at earliest for last £124m Investors stuck in Neil Woodford’s collapsed flagship fund will have to wait at least until 2022 to claw back the £124m remaining in the fund, it was revealed today. In an update for shareholders, fund administrator Link said that it was “hoped that the sale of the remaining assets will be concluded in 2022”. Shareholders [...]
Neil Woodford registers new firm in Cayman Islands – report Neil Woodford registers new firm in Cayman Islands - report Disgraced stockpicker Neil Woodford has registered a new firm in the Cayman Islands as his bid to relaunch his career goes on. According to CityWire, new firm WCM Partners, which Woodford announced two months ago, has been registered in the tax haven. The move comes two months on from the start of the former star [...]
MPs urge FCA to set date for Woodford investigation end February 18, 2021 The Treasury Committee has 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. The City regulator has been investigating the situation regarding the gating and subsequent collapse of the Woodford Equity Income Fund since 2019, a process that has so [...]
The biotech bosses welcoming Neil Woodford back, even if FCA and savers stay wary February 18, 2021 Neil Woodford is far from universally popular, and those fans he has are for the minute rare to put their head above the parapet. But Angharad Carrick found some, leading a number of Britain’s fastest-growing biotech firms. The return of Neil Woodford has, understandably, annoyed plenty. Chief amongst them are the savers he left out [...]
Neil Woodford’s comeback: Four City fund managers who also said ‘sorry’ February 17, 2021 News that the disgraced fund manager Neil Woodford is plotting a comeback may have raised eyebrows in the City, but he is not the first stockpicker who said sorry for his vehicle’s performance, and who did manage to stay in the game. Woodford gave an emotional interview over the weekend in which he apologised for the collapse [...]
Neil Woodford’s shock comeback raises eyebrows in the City February 15, 2021 News that the disgraced fund manager Neil Woodford is looking to make a comeback in investment management has taken many in the Square Mile by surprise. The former star manager gave an emotional interview to the Sunday Telegraph yesterday in which he apologised for the collapse of his investment company and said he is working [...]
Neil Woodford apologises for mistakes as former star stockpicker prepares to launch comeback February 14, 2021 Neil Woodford, the scandal-hit investment manager, has apologised for his role in the failure of his flagship fund, as he prepared to launch his comeback. Woodford, whose business collapsed in October 2019, said he was “very sorry” for what he did wrong, but hit out at the actions of administrator Link Fund Solutions. The former [...]
Investors in collapsed Woodford fund set for £100m payout November 30, 2020 Investors trapped in Neil Woodford’s collapsed flagship fund are set to share a payout of just under £100m by the end of the year. In a letter today fund administrator Link said it has raised a further £98m after selling off more parts of the portfolio’s assets. It said investors will be paid on or [...]
First Woodford court battle could come this year October 26, 2020 The first of what could be many legal claims relating to the collapse of the Woodford Equity Income fund is expected to be launched by the end of the year, reports emerged today. London laywers Harcus Parker are co-ordinating a class action lawsuit and are believed to be ‘further down the track’ than rivals in [...]