Treasury Committee chair highlights delays in FCA investigation into Woodford Fund collapse

Article summary

The Treasury Committee has commented on the update provided to it by the Financial Conduct Authority’s (FCA) chief executive, Nikhil Rathi, regarding its investigation into the failure of LF Woodford Equity Income Fund. Chair of the Treasury Committee, Mel Stride MP, thanked Rathi for the update but flagged that: ‘Almost two years since the FCA launched its investigation into the collapse of the Woodford Fund, we’re yet to see any results, or be told when we can expect an indication of any findings.’