More than £3bn will be returned to small investors – experts suggest where to put the money instead
Hundreds of thousands of people will be receiving cheques from administrators winding up Woodford Investment Management over the next few months. The question for many, after the failure of the industry’s one-time star manager, is who can they trust now.
Neil Woodford’s demise ranks as the biggest calamity to hit the retail fund management industry in decades. At its peak, the Woodford Equity Income fund brought in more than £10bn from loyal savers hoping for a repeat of the super-charged performance he enjoyed while at Invesco Perpetual.