Interactive Investor

FCA update on LF Woodford Equity Income probe

28th May 2021 15:02

Jemma Jackson from interactive investor

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interactive investor comments on investigation update.

Moira O’Neill, Head of Personal Finance, interactive investor, says: “Today’s update from the FCA is short on clarity for the investors who have already been left in at best limbo and at worst in financial misery, for two long years. However, it does suggest that there could be light at the end of the tunnel, at least as far as answers are concerned.

“However, those answers may be scant consolation for those who have lost their life savings. Some 14 witness interviews in (and some may raise an eyebrow it wasn’t more), 30 information requests and 20,000 items of relevant material, it could yet be an uncertain and unacceptably long road ahead. We can only hope that after all this, it isn’t just private investors who are left carrying the can.”

These articles are provided for information purposes only.  Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties.  The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

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