Breaking news
Fresh blow for trapped Woodford savers: Payouts from gated flagship fund delayed for a further ten days By Lucy White For The Daily Mail Published: 21:51 GMT, 10 January 2020 | Updated: 09:39 GMT, 11 January 2020 Savers trapped in Neil Woodford’s flagship fund have been hit with a further setback after finding out they … Read more
Woodford investors face a further agonising 10-day wait for what’s left of their savings as ruined fund delays payouts The first payouts are now due to start on 30 January Investors will be told the amount they will get around 28 January 2020 The equity income fund has lost 15% since investors were locked in … Read more
Third law firm pursues claims against Hargreaves Lansdown in the wake of the Woodford investment scandal By A Daily Mail Reporter Published: 23:08 BST, 2 January 2020 | Updated: 08:31 BST, 3 January 2020 Another legal firm is exploring action against former fund manager Neil Woodford A third law firm is pursuing claims against Hargreaves … Read more
ALEX BRUMMER: It’s time to reshape the FCA that was too slow to see investing crises coming and imposed weak penalties Successive Chancellors have heaped more responsibility on the City regulator Andrew Bailey should recommend creating a new consumer protection agency The FCA’s predecessor, the FSA proved incompetent in regulating the big banks By Alex … Read more
Damage to Woodford investors will be revealed in January: Payouts will start with 56% of the stricken fund sold and £1.65bn raised so far Hundreds of thousands of investors face losses following collapse of the fund They will be told what they are to receive in their first payout on January 13 These will start … Read more
Woodford Income Focus to be taken over by Standard Life Aberdeen two months after it was suspended By Daily Mail City & Finance Reporter Published: 21:51 BST, 12 December 2019 | Updated: 21:51 BST, 12 December 2019 Aberdeen Standard Investments, part of Standard Life Aberdeen is about to take on Woodford Income Focus Aberdeen Standard … Read more
Investment fund axes Neil Woodford protege Mark Barnett after string of weak results By Lucy White For The Daily Mail Published: 21:50 BST, 11 December 2019 | Updated: 22:10 BST, 11 December 2019 Mark Barnett, former protégé of Neil Woodford, has been fired from the £1.1bn Edinburgh Investment Trust Mark Barnett, the former protege of … Read more
JEFF PRESTRIDGE: How much longer can the Woodford Equity Income fiasco continue? Equity Income has generated paper losses for investors of 14.9 per cent Over one year, the losses are a toe-curling 28.1 per cent Shares in Eddie Stobart – a key Equity Income holding – suspended on Friday By Jeff Prestridge for The Mail … Read more
The pressure on Neil Woodford to waive the management fees on his ailing flagship fund Equity Income is not going away. Although Woodford Equity Income has now been suspended for nearly 12 weeks, investors remain more vocal than ever in their call for the fallen manager to stop depleting their holdings by taking fees equivalent … Read more
Neil Woodford suffers another blow as Eddie Stobart ousts its boss and suspends share trading Neil Woodford owns 23 per cent of the haulage group The suspension of Stobart shares means Woodford and other investors will not be able to buy or sell any of them By Lucy White For The Daily Mail Published: 22:00 BST, … Read more