Neil Woodford should consider 'very seriously' waiving fees, says FCA

Regulator puts more pressure on City stock-picker over his
frozen Equity Income Fund

The chief executive of Britain’s financial regulator has urged
Neil Woodford to consider “very seriously” waiving management
fees worth an estimated £100,000 a day while investors are trapped
in his flagship fund.

It heaps additional pressure on Woodford, after Nicky Morgan,
the MP and chair of the Treasury Sselect committee, called on the
embattled fund manager to drop fees for thousands of investors

while the Equity Income Fund remains suspended
.

Source: FS – All-News2-Economy
Neil Woodford should consider 'very seriously' waiving fees, says FCA