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Woodford fund compensation scheme approved by High Court

A £230m redress scheme backed by the Financial Conduct Authority is expected to begin paying Woodford investors after being approved by a High Court judge

Former star stock picker Neil Woodford's flagship fund ran into trouble in 2019
Former star stock picker Neil Woodford's flagship fund ran into trouble in 2019 Photo: Alamy

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A compensation scheme for thousands of investors trapped in Neil Woodford’s former blockbuster fund has been approved by the High Court, bringing the curtain down on a saga that has dragged on for almost five years.

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