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FCA Fines Woodford and His Firm £46m Over Failed Fund
The Guardian
|August 06, 2025
The former star stock picker Neil Woodford and his investment management company are to be fined almost £46m by the UK's financial regulator over the collapse of his popular equity fund.
The Financial Conduct Authority (FCA) said yesterday it would give Woodford a penalty of £5.89m and banned him from holding senior manager roles and managing funds for retail investors. It also fined Woodford Investment Management (WIM) £40m.
The penalties are for failures in their management of the flagship Woodford Equity Income Fund (WEIF), which collapsed in 2019 after investors, including many ordinary retail customers, rushed to withdraw money in response to the poor performance of a number of company investments, including some hard-to-sell illiquid assets.
The value of the fund fell from a high of more than £10.1bn in May 2017 to £3.6bn in the run-up to its suspension. The fund was frozen and later closed and wound up.
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