FCA hands out £46 million in fines over Woodford fund failures

An FCA investigation criticised former fund manager Neil Woodford's “unreasonable and inappropriate investment decisions"

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(Image credit: Getty Images/Rudy Sulgan)

Former star fund manger Neil Woodford, who fell from grace when his investment firm collapsed in 2019, has been fined by the Financial Conduct Authority (FCA) and banned from holding senior manager roles and managing funds for retail investors.

It comes six years after the high-profile collapse of Woodford’s boutique firm Woodford Investment Management (WIM).

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.