Woodford collapse four years on: ‘It will take longer for trust and consumer confidence to return’

For the more than 300,000 investors trapped in Neil Woodford’s defunct flagship fund, the UK regulator’s announcement in April that they are in line for more than £230m in compensation could not have come soon enough.

Investors have endured an agonising four-year wait for the Financial Conduct Authority to conclude its probe into the suspension of Woodford’s £3.7bn Equity Income fund, an investigation that has centred on one of Britain’s biggest investment scandals.

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