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Treasury Committee calls on FCA to enable swift conclusion to Woodford investigation

10 January 2022

The Treasury Committee publishes correspondence on the Financial Conduct Authority (FCA) investigation into the collapse of the Woodford Equity Income Fund.

In a letter to the Committee, the CEO of the FCA outlines that “all key evidence has been gathered” and that the regulator is deciding whether to take action, and if so, against whom. 

In response, the Committee Chair outlines that there is considerable public interest in the collapse of the Woodford Fund and calls on the FCA to ensure that the investigation is adequately resourced to ensure as swift as possible a conclusion.

Chair's comment

Commenting on the correspondence, Rt. Hon. Mel Stride MP, Chair of the Treasury Committee, said:

“The collapse of the Woodford Fund led to significant losses for many retail investors. The FCA’s investigation is set to move into a new phase, and I have today written to the FCA to urge them to allocate the resources required to enable as swift a conclusion to their investigation as possible.”        

In the response letter, the Committee Chair also requests that the FCA takes every opportunity to update the Committee on the progress of the investigation.

Further information

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