Peters & Peters

FCA under fire for belated Neil Woodford disclosure

Neil Woodford, once celebrated as a leading UK fund manager, continues to face scrutiny and legal challenges following the 2019 collapse of his Woodford Equity Income Fund (WEIF), which left approximately 300,000 investors with significant losses.

 

Earlier this year, the Financial Conduct Authority (FCA) issued a warning notice to Woodford and his company, Woodford Investment Management, alleging a “defective and unreasonably narrow understanding” of liquidity risks, contributing to the fund’s suspension. However, this warning was only added to the FCA’s public register in February 2025, a year later, prompting criticism over the regulator’s transparency and timeliness.

 

James Tyler has been quoted in Financial Times on the FCA’s decision to wait nearly a year before recording its warning notice on the public register.

 

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