Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Calls mount for Neil Woodford to be stripped of CBE as FCA hands down multi-million pound fine

by August 5, 2025
August 5, 2025
Calls mount for Neil Woodford to be stripped of CBE as FCA hands down multi-million pound fine

Neil Woodford, the once-celebrated fund manager behind the catastrophic collapse of Woodford Investment Management, is facing renewed calls to be stripped of his CBE after the Financial Conduct Authority (FCA) issued a damning final judgement.

An open letter has been sent to Sir Chris Wormald, Chair of the Honours Forfeiture Committee, by the Woodford Campaign Group and the Transparency Task Force. The letter urges the Committee to act swiftly and remove Woodford’s CBE in light of the FCA’s ruling.

The watchdog has fined Woodford £5,888,800 and banned him from holding senior management roles or managing retail investment funds. His former firm, Woodford Investment Management, has been fined £40 million for its role in the scandal.

The letter, signed by Andy Agathangelou FRSA, founder of the Transparency Task Force and co-founder of the Woodford Campaign Group, argues that the scale of harm caused by Woodford’s mismanagement is incompatible with the continued possession of an honour awarded “for services to the UK economy”.

“This scandal is obviously a matter of great public interest – hundreds of thousands of people have been directly impacted by it, many having lost life-changing amounts of money,” wrote Agathangelou.

“The scandal indubitably impacted the reputational integrity of the UK’s investment sector as a whole, with inevitable adverse effects on trust and confidence in investing, and thereby damage to the growth prospects of the UK economy.”

Campaigners note that previous hesitation from the Honours Forfeiture Committee stemmed from the need to wait for the outcome of regulatory investigations. Now that the FCA’s decision has been finalised, they argue, there is no justification for further delay.

The petition to have Woodford’s honour revoked, hosted by the Transparency Task Force, currently has over 500 signatories. Campaigners also cite the findings of the All-Party Parliamentary Group (APPG) on Investment Fraud and Fairer Financial Services, whose report on the Woodford scandal outlines widespread consumer harm and governance failures across the investment landscape. The Transparency Task Force provides the Secretariat to the APPG.

The FCA’s judgment marks the culmination of years of anger over the downfall of the Woodford Equity Income Fund, which was frozen in June 2019 and ultimately closed down, locking in billions of pounds of investor losses. Many retail investors, including pension savers, saw their portfolios wiped out, triggering legal challenges and calls for reform across the UK’s financial regulatory framework.

Despite Woodford’s fall from grace, his CBE—awarded in 2015—has remained in place. That, campaigners argue, sends the wrong message about accountability and justice.

Agathangelou concluded his letter by calling for a swift and decisive response: “Given that the Financial Conduct Authority’s judgement is so critical of Mr Woodford, I hope the decision-making process you follow might be both straightforward and swift.”

The Honours Forfeiture Committee, a relatively opaque body that typically acts on the advice of government departments and regulators, has yet to respond publicly.

Read more:
Calls mount for Neil Woodford to be stripped of CBE as FCA hands down multi-million pound fine

0
FacebookTwitterGoogle +Pinterest
previous post
Why UK businesses are replacing VPNs with proxies amid rising regulatory scrutiny
next post
One in Five ICE Arrests Are Street Arrests of Latinos with No Criminal Past or Removal Orders

You may also like

Drakeford plans new tax hit on private schools...

September 25, 2024

Importance of PDF Templates to Businesses

May 27, 2024

Sainsbury’s sees food sales rise, but Argos drags...

November 8, 2024

Revolut launches Homes feature to take on Airbnb...

October 19, 2022

Meta dealt blow by EU ruling that could...

January 5, 2023

How Easy is it to Invest in Stocks?

November 8, 2022

Trade in fake reviews still ‘thriving’ on Facebook,...

April 21, 2023

How Sativa Strains Can Help Combat Fatigue and...

October 11, 2024

Elon Musk merges x and xAI in $80bn...

March 29, 2025

UK Wage Growth Remains Robust, Dampening Hopes for...

June 12, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • ‘Bold’ general who led US’ ‘Midnight Hammer’ strikes on Iran ends Middle East reign

      August 25, 2025
    • Democrats opposed John Bolton for years — until they sought him as an ally against Trump

      August 25, 2025
    • Top GOP senator defies Trump demand to bend Senate rules for his court picks

      August 25, 2025
    • Patients Using Popular Meds May Face a Tariff Hit: US–EU Trade Deal Targets Branded Drugs Like Ozempic and Wegovy

      August 25, 2025
    • What Automatic Planning and Scheduling Means for Your Projects

      August 25, 2025
    • Ultimate Traders Review: Easy and Effective Prop Trading

      August 25, 2025

    Categories

    • Business (8,876)
    • Investing (2,236)
    • Politics (16,481)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved