What have we learnt from the Woodford fiasco - and will anything change?

t’s been more than a month since Britain’s most high profile fund manager Neil Woodford was embarrassingly forced to close the doors to his flagship fund. Since then, investors have been unable to sell out and this week - after the first 28 days of closure rolled round - Woodford Equity Income locked savers in for another four weeks. Over the past month, Woodford, his business, its associates and the entire fund management industry have been thrown under the spotlight, but ultimately, will all this fuss and fiasco make any difference? On this week’s podcast, Simon Lambert, Georgie Frost and Alex Sebastian look at what next for the investment world, what has changed and whether once the noise dies down it will simply be back to business as usual. Can we learn anything from the Woodford mess? Are there other investments we should be looking at? Is this just another reason to ditch active management for passive funds? Will we still continue to love our star managers? All this and more comes under the microscope, as the team look to Woodford and beyond and consider the business of making money from making other people’s money.