Woodford investor law firm calls for platforms to reveal 'commercial arrangements' with managers

Investment risk should be separated into multiple metrics

Leigh Day, one of the law firms representing investors in the former Woodford Equity Income fund, has called for investment platforms to clearly indicate their relationships with the managers of funds on best-buy lists.

In a letter responding to the Financial Conduct Authority's (FCA) call for input on the consumer investments market, Leigh Day suggested that while platforms are "already required to manage their conflicts of interest", an additional safeguard might require platforms to indicate when a recommended fund "is subject to a commercial arrangement between the platform and fund manager". ShareSoc endorses Leigh Day's Woodford legal claim It also suggested a further safeguarding measure might require platforms to detail "the total amount a platform's in-house funds [have] invested in a best-b...