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Neil Woodford refuses to waive fees despite pressure from MPs and FCA The Guardian – Kalyeena Makortoff The 1.5bn cost of doing business with woodford: hargreaves slips 15% On the wall in the small, white reception of Woodford Investment.
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"It is concerning to see that Mr Woodford is still taking in nearly 100,000 in management fees a day, despite the suspension," said Rushanara Ali, the Labour MP for Bethnal Green and Bow. "The FCA should act if he [Woodford] does not [waive the fees charged to investors]," said John Mann, the Labour MP for Bassetlaw.
Neil Woodford. Neil Woodford refuses to waive fees despite pressure from MPs and FCA. The Guardian – Kalyeena Makortoff. Neil Woodford has refused to waive his 100,000-a-day investment management fee for his flagship fund despite demands from MPs and the UK financial regulator to scrap the charges after he prevented investors from withdrawing 3.7bn of their money.
Neil Woodford refuses to waive fees despite pressure from MPs and FCA Neil Woodford has refused to waive his 100,000-a-day investment management fee for his flagship fund despite demands from MPs and the UK financial. Three-year tenancies to pile pressure on buy-to-let landlords 2018 was an annus horribilis for landlords.
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A meltdown at money manager Neil Woodford’s flagship fund is being probed by regulators – as his fees since blocking withdrawals surged past 1million. Mr Woodford’s Equity Income fund shut its doors a fortnight ago because it did not have enough ready cash to pay departing savers, sending shockwaves through the City.
Woodford refuses to waive fees on his suspended flagship fund despite MPs and the financial watchdog chief backing a call to drop them. FCA’s Andrew Bailey said Woodford should ‘consider his.
The 59-year-old has come under pressure to stop charging the fees, but has refused to act. andrew bailey, the FCA’s boss, again called for Mr Woodford to consider axing fees.
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But as star manager Neil Woodford has showed us. The average annual fee for UK equity active funds is 0.86 per cent compared to 0.28 per cent for FTSE All-Share Tracker funds. Despite paying more.