Watchdog raps investor Woodford and says it would have fined administrator £50m
The City watchdog has said it would have fined the administrator of former star investor Neil Woodford’s collapsed fund £50 million after finding it failed to properly manage the fund.
The Financial Conduct Authority (FCA) said it had decided against fining Link Fund Solutions as it would leave less money to distribute to out-of-pocket investors.
It separately rapped Mr Woodford, and said it has “proposed to take action” against him, finding that he “had
