Watchdog's Disregard of Public Interest Regarding Woodford's Return
It's bloody frustrating that ol' Neil Woodford, the disgraced ex-fund manager, is still causing a stink with his antics. The Financial Conduct Authority (FCA) has had its hands tied regarding ol' Neil for well over a year now.
Back in 2019, the FCA issued a warning notice against the bloke for poor liquidity risk management in connection with his £3.7 billion investment fund, Woodford Equity Income (WEI). The suspension of WEI subsequently left plenty of investors through the ringer, crystallizing losses for the masses.
Since then, Neil has been gearing up for his comeback. He's launched the Woodford Views website, spewing forth his opinions on the economy and markets, and even been interviewed by a few investment pundits (Simon Brewer's Money Maze Podcast is a solid listen, if you're interested). Neil's also announced the arrival of W4.0 - a subscription-based service designed to help bloke and sheila investors like us.
This new venture already has 500 enthusiasts signed up as "founding partners," waiting to lap up Neil's so-called investment nous. With W4.0, Neil claims to offer strategies aimed at:
- Generating a dizzying mix of dividend income and investment growth, like the bogus returns WEI once promised but never delivered;
- Securing high growth, the same type that his old Woodford Patient Capital investment trust raked in pre-collapse;
- Scooping up a juicy income, upwards of 7%, the kind of returns only scammers would dare to promise.
Six years since his disastrous management of WEI, it's laughable that Neil still has a legion of supporters waiting to feast on his questionable financial insights. As far as the FCA is concerned, though, things have been eerily quiet - just like the tomb of a long-buried rat.
Maybe the FCA will surprise us by finally slapping Neil with some consequences, but it's been a long road, and any resolution seems to be just out of reach. In footballing terms, ol' Neil's currently trouncing the FCA 4-0, it seems.
On the Horizon
- Last Call for Shamed Fund Boss Neil Woodford's Return
- Putting the Squeeze on Building Societies' Fat Cats
- Temple Bar's Resurgence: A Case of the Right Plan at the Right Time
Spread the Word
Financial Guidance to Save the Day
- Money Matters: What Every Week demands You Know
Navigating the Rail Chaos: Hope for a Bright Future?
With Great British Railways on the horizon, there's some hope that our railways will see some improvements. But until it finally pulls into the station, point failures and chaos continued to plague passengers regularly.
On Easter Monday, I watched in horror as point failure just outside Reading triggered the madness at Paddington Station, causing lengthy delays and chaos for thousands of commuters. The episode served as a bleak reminder that while tardiness and delays are apparently an integral part of our railways' DNA.
Although Network Rail is expected to hand over their responsibilities to Great British Railways, they still bear some responsibility for the nation's railway infrastructure - and they've evidently failed us. Planning for the future is all fine and dandy, but one should not disregard the need for immediate improvements and a more reliable service for commuters.
This is Money Podcast
- So, How Rich Do You Feel If You Make £100,000?
- Donald Trump's Tariff Shock: A Devastating Bump in the Markets
- Treading on Rachel Reeves' Tightrope: A Common Conundrum
- Two-Year Fixed Rate Mortgages: An Old Flame Returns?
- UK Stock Market Gets a Sparkle: Is the Time Right for a Comeback?
- Banks Stepping Up the Mortgage Game: Are You Ready to Take On a Bigger Loan?
- Investing Smarts: Making Your Money Work for You
- Despite the disastrous management of his investment fund in the past, shamed fund boss Neil Woodford continues to attract support, evident in the 500 enthusiasts signed up for his new subscription-based service, W4.0.
- Neil Woodford's new venture, W4.0, promises strategies aimed at generating high dividend income, securing high growth, and offering juicy income returns, similar to the bogus returns his Woodford Equity Income fund once promised but never delivered.
- The Financial Conduct Authority (FCA) has had its hands tied regarding Neil Woodford for over a year, but any resolution seems to be just out of reach, leaving Neil currently trouncing the FCA 4-0 in a footballing term.
- Similar to Neil Woodford's inability to deliver on his promises, the nation's railway infrastructure has been failing commuters, as shown by the point failure just outside Reading that triggered chaos at Paddington Station on Easter Monday.
- While Great British Railways offers hope for improvements in the future, immediate improvements and a more reliable service are needed to alleviate the ongoing issues plaguing commuters.
- As the UK stock market continues to recover, banks are stepping up the mortgage game, offering larger loans to potential homebuyers, which could be an enticing opportunity for those looking to invest in real estate.
