Neil Woodford is Britain's best-known fund manager. For many years his track record was very impressive. He was lauded in the media. He was even referred to by the BBC as "the man who can't stop making money.” But then things began to go wrong and, three years ago, the wheels came off in spectacular fashion, when his flagship Equity Income fund was suspended. The industry, of course, as the industry usually does, did really rather well out of it. Woodford Equity Income was Britain's biggest fund launch. The fund earned a fortune for Woodford himself and for the many brokers and platforms who helped to promote it. The outcome for investors, however, was rather different. More than 300,000 people — many of them near, or already in, retirement — lost more than £1 billion between them in one of the biggest financial scandals of modern times. Robin Powell's guests on this episode are two highly respected journalists who have each written a book on the Woodford saga — Owen Walker and David Ricketts.
TEBI podcast 52: Simon Bullock on life, the universe and money goals
TEBI podcast 51: Helen Arthur on art as a new rural lifestyle
TEBI podcast 50: Charlotte Lockhart on a revolution in work-life balance
TEBI podcast 49: Scott Moorhouse on life before and after his Paralympic dream
TEBI podcast 48: Jonathan Clements on the appetite for "struggle and strife" that keeps us moving throughout life
TEBI podcast 47: Rozina Breen on taking a purposeful leap into the not-for-profit sector
TEBI podcast 46: John Treharne on building businesses and the spirit of sport
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TEBI podcast 43: Brian Portnoy on the "evolutionary two-step": why you first need to survive, then thrive, with your money
TEBI podcast 42: Alex Davis on life planning, universities, and everything!
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Ep 36: Spencer Jakab on the real winners in the GameStop saga
Ep 35: Robin Wigglesworth on the extraordinary rise of indexing
Ep 34: ARKK falls again, but are we really in a market crash?
Ep 33: Will Rainey on teaching children about money
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