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Woodford fund wind up may take until 2023

Investors in the former Woodford Equity Income fund may have to wait until after the end of 2022 to see the wind-up of the fund completed.

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Woodford staff paid £510k following fund failure

The two remaining staff members at Woodford Investment Management received a total of £510,250 in salaries for the year ended 31 March 2021.

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3 in 4 advisers changed processes post-Woodford

Three-quarters of advisers have changed their investment processes as a result of the collapse of Woodford Investment Management.

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8 in 10 Woodford investors suffered negative impact

Over 8 in 10 (86%) investors hit by the suspension of the Woodford Equity Income fund in June 2019 suffered a 'negative impact' to their finances, according to the Association of Investment Companies.

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