No chance of Woodford investigation findings coming out soon, FCA admits

Delay risks wrath of Treasury Committee

The Financial Conduct Authority has said it does not know when the investigation into the collapse of the Woodford Equity Income fund will end, causing exasperation from the Treasury Select Committee.

In a letter sent to the Treasury Select Committee, the City watchdog said to date it has conducted 14 witness interviews, with all key interviews now having been questioned. "The investigation team has also issued over 30 information requirements which has led to the gathering of over 20,000 items of relevant material from all the key parties," FCA chief executive Nikhil Rathi said. New Woodford venture expects to triple investor cash in three years Woodford, his business partner Craig Newman and senior figures from Link Fund Solutions have all been interviewed.   Rathi added...