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Woodford Investment Management

Woodford – What Happens Next? 30 September 2021 – 5pm-6:30pm

Post Date: September 18, 2021
Woodford Investors are flocking to ShareSoc’s What Happens Next event (30/09/21 at 5pm), headlined by Jeff Prestridge, Personal Finance editor of the Mail on Sunday. Tell your friends and family if they invested in a Woodford fund that they need to join them.       It’s time to update Woodford investors and ShareSoc Campaign members on progress to date. As well as update you on the prospects of you claiming back some of the losses and the potential timeline of when you might get ...
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Woodford Claims and the Financial Ombudsman Service – Update 19 May

Post Date: May 19, 2021
We (Boz Michalowska from Leigh Day and me) met with the Financial Ombudsman Service (FOS) on 7th May. They have received 549 claims so far relating to Woodford, Link, Hargreaves and IFAs. They have resolved 3 at final decision stage and these were simple cases against IFAs. We were given no evidence to suggest that the FOS route is likely to have a quick nor successful resolution. ShareSoc cannot give financial advice and individuals must of course make their own decisions. ShareSoc ...
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ShareSoc Launches Woodford Campaign

Post Date: November 19, 2020
A ShareSoc News item written by ShareSoc Director Cliff Weight Update 1, 19 Nov 2020, SHARESOC LAUNCHES WOODFORD CAMPAIGN  Our primary objectives are: to facilitate communication between Woodford investors to help Woodford investors seek compensation for their losses where possibe to ensure that those who contributed to those losses through action or inaction are held to account to bring about changes in the regulations and regulatory enforcement to ensure this type of scandal does not happen again We are pleased that several legal initiatives have ...
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Directors’ and Fund Managers’ Pay is Excessive

Post Date: January 8, 2020
On the latest data, the pay of FTSE-100 CEOs has fallen slightly. A report from the CIPD and High Pay Centre notes that the average pay has fallen from...
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PE Will Eat Itself

Post Date: November 20, 2019
How private equity has devoured public markets and is now devouring itself One of the key causes of the Woodford implosion was the number of illiquid, unquoted holdings in...
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Woodford Fund and Trust News

Post Date: October 26, 2019
The good news for investors in the Woodford Patient Capital Trust (WPCT) is that Schroders are taking over management of the portfolio.  The share price promptly jumped upwards on...
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Telegraph, 22 October 2019, FCA not reviewing their handling of Woodford

Post Date: October 22, 2019
Mark Northway, chairman of retail investor group ShareSoc and himself a holder of stock in Woodford's Patient Capital Trust, said: "There is a suggestion the regulator was asleep at the wheel, and therefore there is an onus on them to be transparent about the process they went through and the timing." see https://www.telegraph.co.uk/business/2019/10/21/demands-treasury-review-watchdogs-handling-woodford-saga/  
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Woodford, Buffett Bot and FRC Survey

Post Date: October 20, 2019
There was a very good article in the FT on Saturday on the “rise and fall of a rock star fund manager”, i.e. Neil Woodford. Essential reading for those who...
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Financial Times, 18 October 2019, Angry investors count the cost of Woodford collapse

Post Date: October 18, 2019
David Stredder, a private investor and director of ShareSoc, is quoted in this extensive FT article on the Woodford saga.
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Woodford and Hargreaves Lansdown

Post Date: October 18, 2019
To follow up on my previous blog post over the collapse of Woodford Investment Management and how to avoid dud managers, the focus has now turned in the national...
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Woodford Closing Down and How to Avoid Dud Managers

Post Date: October 16, 2019
No sooner had I suggested that Neil Woodford should retire after his management company was fired from looking after the Woodford Equity Income Fund (see my personal blog article...
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Woodford, FCA, Asset Management

Post Date: June 19, 2019
Today the FT reveals that the FCA have launched an investigation in the Woodford Equity Income Fund. Last night in the Evening Standard, Anthony Hilton estimated that only about 200,000 people were invested in Woodford funds, and added "so why all the fuss". I think it is about trust. Most people in the UK do not trust business. For example, it does not help public levels of trust when Woodford takes a £36m dividend (from Woodford Investment Management Limited year end March 2018 ...
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