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MPs await FCA update on Woodford probe as deadline looms

MPs yet to hear news ahead of key milestone for investigation

Neil Woodford had been keeping a low profile since the closure of his investment business in October 2019, but has since re-emerged with plans to launch a Jersey-based venture
Neil Woodford had been keeping a low profile since the closure of his investment business in October 2019, but has since re-emerged with plans to launch a Jersey-based venture Photo: Michael Walter/Alamy

The Financial Conduct Authority is under mounting pressure to provide an update on its ongoing probe into the collapse of Neil Woodford’s flagship investment fund, with members of the UK parliament’s influential Treasury Committee still awaiting information that they were promised four months ago.

With less than a week to go until the FCA said it would finally provide them with details of how its investigation was progressing, MPs have yet to hear any news.

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