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'I could lose £100K despite Woodford fund redress scheme'

BBC
Summary
Nutrition label

80% Informative

Around 300,000 people lost money when Woodford Equity Income Fund collapsed in 2019 .

In 2023 , the Financial Conduct Authority announced a "redress scheme" It said it would allow investors to recover around 77p in the pound.

But some investors say that figure was misleading and the scheme locked them out of other consumer protections.

MPs and peers have written to the Commons Treasury committee to ask for an inquiry into the scheme.

VR Score

84

Informative language

86

Neutral language

24

Article tone

informal

Language

English

Language complexity

38

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links

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