The Financial Conduct Authority fines Neil Woodford and Woodford Investment Management £5.8 million and £40 million, respectively, for the collapse of the £10 billion Woodford Equity Income fund. Woodford banned from managing retail funds. Woodford appealing the decision notice, which will go to an independent tribunal. FCA cites “unreasonable and inappropriate” investment decisions by Woodford and his firm, leading to illiquidity issues for investors. Woodford had a narrow understanding of his responsibilities and failed to oversee fund liquidity. Woodford Investment Management collapsed in 2019, with Woodford Equity Income triggering a redress scheme for investors. Woodford highlighting Link Fund Solutions’ role in the collapse. Many retail investors compensated. Woodford’s potential comeback with investing website W4.0. Transparency Taskforce calls for Woodford’s title to be forfeited due to impact on investors and UK’s investment sector reputation.

Read more at Morningstar: Neil Woodford Fined by UK Regulator After Fund Collapse