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FCA imposes fines of nearly £46M on Neil Woodford and Woodford Investment Management

The FCA has decided to fine both Neil Woodford and Woodford Investment Management (WIM) for management failures.

The FCA provides an update on its investigation into the circumstances relating to the suspension of the LF Woodford Equity Income Fund.

Rt Hon. Mel Stride MP, Chair of the Treasury Committee, has urged the FCA to set out when the Woodford investigation will conclude.

Neil Woodford’s new business, WCM Partners Ltd, would need to apply for permissions before starting any regulated activity in the UK.