UK financial regulator the FCA has issued a warning noticed to Neil Woodford and Woodford Investment Management (WIM) in relation to the collapse of a £3.7 billion fund in 2019.
In the warning notice the FCA alleged that Mr Woodford had a “defective and unreasonably narrow understanding” of his responsibilities for managing liquidity risks.
It also alleged that he and WIM failed to ensure that the WEIF's liquidity risk framework was appropriate, to respo...
Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@thewealthnet.com
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAM
