Treasury Select Committee urges FCA to provide Woodford investigation end date

New fund "of concern" to investors

The Treasury Select Committee has called on the Financial Conduct Authority (FCA) to provide an expected end date for its investigation into the collapse of Woodford Investment Management.

In a statement, chair of the Treasury Select Committee Mel Stride highlighted the previous cross-party group, headed by Nicky Morgan, had been "vocal in its concerns regarding the failure of the Woodford fund and the impact on its investors", before turning to the recent news of Woodford's possible return to the industry. If Woodford was really sorry, he would stay away and let investment industry rebuild "As the FCA's investigation still continues over 18 months after the fund was suspended, the reports of the new fund may understandably be of concern to investors who previously lost...