High-profile fund manager Neil Woodford has been fired and his flagship Equity Income Fund is to be wound up
Beleaguered British fund manager delivers few new details as fund suspension set to continue until December
FCA boss Andrew Bailey had previously claimed shortcomings in EU regulations were behind fallout at Woodford debacle
European Commission says poor oversight by UK financial regulator was key reason for Neil Woodford debacle
Agreement signed between the FCA and Esma covers cooperation and exchanges of information in event of ‘worst case scenario’
As hopes for deal hang in balance an increasing number of firms are drawing up plans for cliff-edge exit
Backstop plan proposes that in the event of no Brexit transition period passporting rules will continue for further three years
Britain’s Financial Conduct Authority (FCA) has told regulated firms in the country to prepare for the UK to crash out of the European Union with a “no deal” Brexit.
The EU recently proposed a single trade agreement with the US, so there is no reason it cannot have one with the UK post-Brexit, according to the chief executive of the UK’s Financial Conduct Authority (FCA).
When investors decide to buy a fund that charges higher-than-average fees, they presumably do so because they expect the manager to compensate for this by delivering outperformance.