Neil Woodford refuses to waive fees despite pressure from MPs and FCA

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.

Woodford rejects calls to waive fees for suspended fund Reuters – by Huw Jones Neil Woodford, founder and fund manager at Woodford Investment Management, is seen in this undated handout picture released on June 10, 2019.

The rapid deterioration of Neil Woodford’s flagship fund will be scrutinised by a parliamentary select committee, whose chair called on the UK’s most famous stockpicker to waive management fees.

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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.

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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.