FCA annual report marked by absence of Woodford and strikes

Fair and clear marketing a key priority

The Financial Conduct Authority's latest annual report was marked by the notable absence of any reference to its progress on the Neil Woodford fallout or the ongoing industrial action.

Its annual report and accounts for the year to 31 March 2022 saw the regulator discuss how important it was for managers to prevent unnecessary risk for investors through responsible liquidity management and the importance of fair and clear marketing, but there was no reference to the ongoing investigation into the collapse of Woodford Investment Management, of which liquidity was a key factor. The FCA outlined core goals in asset management, saying that pushing asset managers to fair and clear marketing and disclosures was a key intention of the regulator. It also said that asset man...