RegulationMar 19 2024

What the Woodford scheme of arrangement means for redress claims

  • Identify the reason why we have scheme arrangements
  • Explain the FCA's approach to redress schemes
  • Describe how companies face the risk of enforcement action for breach of consumer duty
  • Identify the reason why we have scheme arrangements
  • Explain the FCA's approach to redress schemes
  • Describe how companies face the risk of enforcement action for breach of consumer duty
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Approx.30min
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Approx.30min
What the Woodford scheme of arrangement means for redress claims
The FCA has its own extensive set of redress scheme powers that it has been using with increasing frequency in recent years (Toby Melville/Reuters)
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On March 5 2024, a scheme of arrangement to compensate more than 250,000 investors who lost out following the winding up of the suspended Woodford Equity Income Fund became fully effective.

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