Philip Green's Topshop rescue deal still stands a chance Read moreMorgan said: “Others have suspended taking fees and I think Woodford should too, for the sake that I think that it’s something like £100,000 a day, potentially, in fees. Hargreaves is itself facing intense scrutiny from the FCA and MPs over its role in promoting Woodford’s fund in its influential “Wealth 50” ranking of favourite funds. Morgan demanded on Tuesday that Hargreaves explain its inclusion of Woodford’s fund in its Wealth 50 list. She also asked the Hargreaves boss, Chris Hill, how much money the firm had made in fees from customers who had invested in Woodford’s fund. I think investors should be able to determine where their assets are held,” he said.

Source: The Guardian June 11, 2019 08:58 UTC