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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

Neil Woodford and his investment firm fined almost £46m over fund failings

Neil Woodford FCA WIM
Neil Woodford
The FCA said Neil Woodford ‘held a defective and unreasonably narrow understanding of his responsibilities’. Photograph: Jonathan Atkins/Reuters

The former star stock picker Neil Woodford and his investment management company have been fined almost £46m by the UK’s financial regulator over the collapse of his popular equity fund.

The Financial Conduct Authority (FCA) has given Woodford a penalty of £5.89m and banned him from holding senior manager roles and managing funds for retail investors and fined Woodford Investment Management (WIM) £40m.

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