---
title: "FCA Fines Neil Woodford and His Firm Nearly £46m Over Fund Collapse"
publisher: "Share Talk"
author: "sharetalk"
published: "2025-08-05T09:38:48+00:00"
modified: "2025-08-05T09:38:48+00:00"
date: 2025-08-05
canonical: "https://www.share-talk.com/fca-fines-neil-woodford-and-his-firm-nearly-46m-over-fund-collapse/"
category: "B2B"
categories: ["B2B", "Blogs", "Business & Support Services", "Technology", "Technology, Media & Telecoms"]
tags: ["Hargreaves Lansdown", "illiquid investments", "investors", "Neil Woodford", "Woodford Equity Income Fund", "Woodford Investment Management"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/12/FCA-12_12_23.jpg?fit=1200%2C800&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# FCA Fines Neil Woodford and His Firm Nearly £46m Over Fund Collapse

**Published:** August 5, 2025
**Author:** sharetalk
**Categories:** B2B, Blogs, Business & Support Services, Technology, Technology, Media & Telecoms
**Tags:** Hargreaves Lansdown, illiquid investments, investors, Neil Woodford, Woodford Equity Income Fund, Woodford Investment Management
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/12/FCA-12_12_23.jpg?fit=1200%2C800&quality=89&ssl=1)

---

The UK’s financial regulator has moved to fine former high-profile fund manager **Neil Woodford** and his company **Woodford Investment Management (WIM)** a combined **£45.9 million**, following the collapse of the **Woodford Equity Income Fund (WEIF)**.

The **Financial Conduct Authority (FCA)** announced it intends to fine Woodford **£5.89 million** and impose a **ban** preventing him from holding senior management positions or managing retail investment funds in future.

WIM is also facing a **£40 million fine** for its role in the fund’s mismanagement.

The penalties relate to failures in the management of WEIF, which **collapsed in October 2019** after a wave of investor withdrawals triggered by a series of poor-performing investments, many involving **illiquid and hard-to-sell assets**. The fund was subsequently **frozen, closed, and wound up**, affecting approximately **300,000 investors**, including **130,000 clients of Hargreaves Lansdown**.

Hargreaves Lansdown is currently facing **legal action from thousands of investors** who allege they were misled into backing the fund.

#### **Over 5,000 Investors Sue Hargreaves Lansdown Over Woodford Fund Collapse**

More than **5,000 investors** are now suing **Hargreaves Lansdown**, alleging the UK’s largest investment platform continued to promote the **Woodford Equity Income Fund (WEIF)** despite being aware of serious issues with its performance and holdings.

The number of claimants has **nearly doubled** in the past two years, up from **2,750** in 2022, according to **RGL Management**, the claims management firm leading the action.

RGL estimates the total value of the claims will exceed **£200 million**, with the **average individual claim** — including interest — around **£20,000**.

The WEIF, managed by former star fund manager **Neil Woodford**, collapsed in **October 2019** after investors rushed to withdraw funds amid a string of poor-performing and **illiquid investments**. The fund was frozen, closed, and subsequently wound up, leaving around **300,000 investors** facing losses.

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