Ex-fund manager Neil Woodford’s investment information platform W4.0 has rejected the FCA’s criticism of its service as offering regulated advice and says it will continue to develop the platform despite facing an injunction from the FCA.

The FCA has taken action against ex-fund manager Neil Woodford and W4.0, Mr Woodford's financial information website, for operating without authorisation.

The FCA has provisionally fined Neil Woodford and Woodford Investment Management (WIM) for failures in their management of the Woodford Equity Income Fund (WEIF).

Former fund manager Neil Woodford has launched a subscription-based investment strategy product aimed at long-term investors.