RegulationMar 19 2024

What the Woodford scheme of arrangement means for redress claims

After engaging with this content, which carries an indicative 30 minutes of CPD, you will be able to:

  • 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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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)
Rhys Corbett

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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Financial Conduct Authority
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