It is decision time for those investors who lost money as a result of the meltdown of investment fund Woodford Equity Income, managed by Neil Woodford – once king of the retail investment jungle. The Neil Woodford compensation scheme Link Fund Solutions wrote to investors in September outlining an estimated timeline for compensation payouts should the proposed redress scheme goes ahead. I am not a Woodford fund investor, so I don't have skin in the game. As one Woodford investor told me rather forcefully: 'The redress scheme appears to be a settlement on the cheap.' Meanwhile, jungle VIP Neil Woodford, above, has yet to be held accountable by the regulator.

Source: Daily Mail November 27, 2023 13:57 UTC