Woodford investors set for £230m payout as judge sanction compensation scheme Investment Investors in Neil Woodford’s collapsed investment fund are set for £230m in payouts after a court approved a controversial redress scheme today.
Woodford deal could create ‘systemic risk’ by scrapping investor protections, say academics INVESTMENT A group of academics have warned that the planned £230m compensation for Woodford investors “would be likely to set a dangerous precedent” by scrapping “cornerstone” protections for investors provided by regulators.
Woodford compensation in sight after investors back controversial £230m scheme Woodford Burnt investors in Neil Woodford’s collapsed investment fund are on the cusp of compensation after they overwhelmingly backed a £230m redress scheme last night.
Woodford investors mount final fight against ‘misleading’ £230m compensation scheme December 4, 2023 Burnt investors in Neil Woodford’s collapsed investment fund are mounting a final fight against a proposed £230m redress scheme today as a vote on the payout enters its final hours.
‘I fear for my disabled wife’: How Woodford investors have been impacted December 4, 2023 The fallout from former stock picker Neil Woodford’s collapsed investment fund has shaken the investment world and triggered an almighty spat between investor groups and the regulator.
Short-changed: Woodford investors told to reject FCA’s ‘bad deal’ November 24, 2023 Burnt investors in Neil Woodford’s collapsed investment fund should reject the “bad deal” tabled by regulators and instead pursue their own compensation, the law firm litigating against the fund has said today.
City watchdog ‘is still failing’ burnt Woodford investors, MPs say November 23, 2023 The FCA "has failed, and is still failing" investors who were affected by the Woodford scandal, a group of MPs have said.
Woodford investors take step closer to £230m payout after administrator’s takeover October 9, 2023 Burnt investors in Neil Woodford’s collapsed fund are a step closer to a £230m payout today after the management firm behind the failed vehicle was formally taken over.
FCA urges Woodford’s burnt investors to ‘seriously consider’ £235m redress deal June 1, 2023 The Financial Conduct Authority has urged Neil Woodford’s burnt investors to “seriously consider the offer on the table” after it struck a redress deal with the fund’s administrator earlier this year.
Woodford fund manager set to return £20m to burnt investors October 6, 2022 The manager of Neil Woodford’s collapsed investment fund said today it plans to give £20m back to investors after it was warned by the financial watchdog it would be hit with a hefty bill over its role in the scandal last month.