What's been learned from the Woodford fund fiasco?

While it may well be clear to the UK fund industry and its regulator what went wrong with the Woodford Equity Income Fund, to date, very little has been proposed to correct matters and prevent a repeat, writes Jan Wagner…

It’s not an exaggeration to say the blow-up of the Woodford Equity Income Fund (WEIF) was one of biggest debacles in the UK fund industry. There were several reasons for the WEIF's problems, the main one being a failure of oversight. 

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