City regulator is still investigating collapse of fund manager’s previous business
The City watchdog has said that the one-time star investment manager Neil Woodford, whose funds were shut down in 2019, still faces the outcome of a regulatory investigation over the collapse and will need authorisation ahead of his plan to return to the investment management business.
In a highly unusual step, issuing a public statement about an individual’s business plans, the Financial Conduct Authority (FCA) said Woodford’s comeback attempt was subject to securing its permission.
