FCA notices issued to Neil Woodford and corporates over management of equity fund

The FCA has issued notices to Neil Woodford, Woodford Investment Management Ltd (WIM) andLink Fund Solutions in relation to the management of the £3.7 billion Woodford Equity Income Fund - which was suspended in June 2019, leaving up to 300,000 investors with losses.

By Neasa MacErlean

The final noticeissued to Link says it failed to act with due skill, care and diligence, and was made after approval by the Regulatory Decisions Committee (RDC). The warning notices issued to Mr Woodford and WIM have yet to go through that committee, but they outline the proposed actions the FCA plans to take, if these are confirmed by the RDC.