Under-achieving investment funds, including Neil Woodford’s suspended flagship product, have raked in £306 million in fees each year, according to a new report.
Hargreaves Lansdown has said inflows of client funds have “held up well” since the Neil Woodford frozen fund scandal erupted earlier this summer.
Pensions buyout specialist Phoenix has revealed around £32 million of its client money is trapped in Neil Woodford’s suspended fund.
Neil Woodford’s flagship investment fund will remain suspended until at least December but investors will still be charged fees, the former star banker has revealed.
Hundreds of thousands of investors in Neil Woodford’s blocked equity income fund will have to wait at least another month to access their money after the suspension was extended.
Neil Woodford’s listed business has said it plans to cut its debts and shake up its board after talks with shareholders, following the suspension of Mr Woodford’s major fund.
Bank of England boss Mark Carney has condemned investment funds with assets that cannot be sold easily but offer instant withdrawals as being “built on a lie” after the Woodford fund saga.
The boss of Britain’s financial watchdog has accused managers of Neil Woodford’s suspended fund of “using the rules to the full”, and called for an overhaul of “flawed” EU regulations.
The boss of Hargreaves Lansdown has said he is “angered” about the lack of resolution over the shutdown of investor Neil Woodford’s flagship fund.
Almost 300,000 Hargreaves Lansdown customers have £1.6 billion trapped in Neil Woodford’s suspended investment portfolio, the funding platform has revealed.
A formal investigation has been launched by the City watchdog into Neil Woodford’s suspended equity income fund in the latest blow for the under-pressure investment guru.
The boss of Hargreaves Lansdown (HL) will not take a bonus this year due to the ongoing saga at Neil Woodford’s investment vehicle, the company has said.
One of Neil Woodford’s biggest supporters is under scrutiny over its role is selling the investment manager’s struggling fund to savers, an influential parliamentary committee has revealed.
Investment managers like Neil Woodford are right to block investors from withdrawing cash from funds to prevent asset fire sales, according to the deputy governor of the Bank of England.
The boss of Britain’s City watchdog has joined calls for under-pressure investment guru Neil Woodford to waive management fees for his suspended fund.
Neil Woodford’s listed business has said it is “pleased” with the progress of its portfolio companies, despite a dive in its share price after the renowned stock-picker suspended one of his funds.
Under-pressure city heavyweight Neil Woodford was dealt another major blow after St James’s Place ended its £3.5 billion association with his firm.
The financial watchdog is demanding answers from Neil Woodford and his brokers over their decision to invest so heavily in unlisted companies based offshore in Guernsey.
Major investors in Neil Woodford’s suspended fund were given no prior warning that they would be banned from withdrawing their cash, according to one investor.
Dealing in the Woodford Equity Income Fund has been suspended in the “best interests” of investors in the fund.
Shares in Neil Woodford’s listed investment trust have plunged after investors were blocked from pulling out money from its multibillion-pound sister fund.