Investors in the former Woodford Equity Income Fund will receive a fifth capital distribution payout in November, with a total of £2.54bn having been distributed to investors so far since the fund began winding up.

Redemption is a powerful force and it is likely to be the driving force behind fallen fund manager Neil Woodford’s unexpected comeback plans revealed this week.

The FCA is to work with the Jersey regulator to review plans by fallen fund manager Neil Woodford to stage a comeback.

Fund manager Neil Woodford, whose retail fund empire crumbled less than two years ago, is to stage a comeback with a new investment business.