It’s been more than a year and-a-half since the Woodford Equity Income fund, run by the former “star” fund manager Neil Woodford, was suspended.
Since then, investors in the fund, now called the LF Equity Income fund, have endured a frustrating time, with little apparent progress being made towards securing compensation for those affected.
And we’re still awaiting the findings of an inquiry into the affair from the UK regulator, the Financial Conduct Authority.
We’ve been speaking to the journalist David Ricketts, who’s written a new book on Woodford’s spectacular fall from grace. It’s called When the Fund Stops.
In this interview we explore some key questions.
Could Woodford’s demise have been foreseen? Where exactly did he go wrong? Why wasn’t more one to protect investors? Who’s to blame? And will we see more Woodford-style scandals in the future?