Jonathan Adair and Kristian Penttila
Woodford's new firm
£4.5m loss for year ended 31 March 2021
77% of Woodford investors have less faith in industry
Campaigners hit out at slow pace of investigation
FCA looking at "spirit of" rules
Regulator only stepped in nearly two years later
Investors are "losing faith" in FCA
Industry needs to restore trust
Industry appetite for new fund slim