‘We do not accept the FCA’s characterisation’: Neil Woodford firm responds to watchdog Investing Former star fund manager Neil Woodford’s comeback venture has hit back at the UK financial watchdog, arguing it ‘does not accept’ the regulator’s characterisation of the business after the FCA launched civil proceedings. W Four Point Zero FZE, which trades as W4.0 and is registered in the United Arab Emirates, rebuffed the Financial Conduct Authority’s [...]
FCA seeks injunction against Neil Woodford over ‘unauthorised’ investment advice Investing The financial watchdog has launched civil proceedings against former star fund manager Neil Woodford and his comeback venture over allegedly providing unauthorised investment advice. The Financial Conduct Authority (FCA) has started civil proceedings against Woodford and W Four Point Zero FZE, which trades as W4.0. The FCA alleges that Woodford and W4.0, which is registered [...]
Neil Woodford criticises BP board for ousting ‘shouty’ chairman Energy Once-renowned investment manager Neil Woodford has criticised the BP board for ousting its ‘shouty’ chairman after less than a year in post. Woodford called out the oil giant’s board for removing Albert Manifold after just eight months in the job, noting that he is the third chairman the company has been through in three years, [...]
FCA fines Neil Woodford and Woodford IM £46m after fund failures August 5, 2025 The Financial Conduct Authority (FCA) has issued a £46m fine against once-renowned investment manager Neil Woodford and his former firm, Woodford Investment Management (WIM). The City watchdog handed Woodford a fine of £5.88m and banned him from holding senior manager roles and managing funds for retail investors. The authority also fined Woodford Investment Management £40m. [...]
FCA chief: Court delays denying victims justice June 12, 2025 Delays in the UK court system are denying victims of financial crime justice and preventing better regulation of the finance industry, the boss of the Financial Conduct Authority (FCA) has said. Nikhil Rathi told Morning Wire that his organisation was working “really hard to accelerate [its] investigations” but that the slow pace of high-profile court [...]
Neil Woodford: ‘I could not have been more transparent’ June 5, 2025 Neil Woodford has denied misleading investors over the contents of his collapsed investment fund, insisting that he “could not have been more transparent” to his thousands of retail shareholders. Speaking exclusively to Morning Wire, Woodford said he regularly published information on his fund’s portfolio and his investment strategy prior to its implosion, arguing that the [...]
Schroders upgrades Revolut stake in former Woodford trust by 85 per cent March 28, 2025 A Schroders trust formerly run by star stockpicker Neil Woodford has upgraded the value of its stake in Revolut by 85 per cent, implying the fintech firm is worth $48bn (£37.1bn). The Schroders valuation would put Revolut, which has been mulling an IPO for years, above the $45bn it was valued at last summer, though below [...]
Woodford investors join case against Hargreaves Lansdown March 25, 2025 Investors in Neil Woodford’s former fund have seen their numbers in the legal case against Hargreaves Lansdown swell to over 8,300. RGL Management, which is leading the claim, said it had added a further 1,700 investors to the claim in recent weeks in a claim that estimates suggest could reach as large as £200m. Following [...]
Exclusive Neil Woodford interview: who he blames for his fund’s collapse December 17, 2024 In his first interview in years, former star manager Neil Woodford makes it clear where he believes the blame for his collapsed fund lies.
FCA is ‘incompetent’ and transformation plan a ‘failure’, MPs say November 25, 2024 The Financial Conduct Authority (FCA) is “incompetent” and “defective” and attempts to transform itself over the past four years have been a “failure”, according to a damning report by a group of MPs, set to be revealed tomorrow. In a more than 350-page report compiled over three years, the All-Party Parliamentary Group on Investment Fraud [...]