Woodford ought to forfeit his CBE, says TTF

Neil Woodford ought to forfeit his CBE, in line with the Transparency Activity Power and its Woodford Marketing campaign Group.

They mentioned the Woodford scandal has brought on horrible hurt to its victims.

In June 2013 within the 2013 Birthday Honours, Mr Woodford was appointed a Commander of the Order of the British Empire (CBE) for providers to the economic system.

Andy Agathangelou, founding father of Transparency Activity Power and co-founder of its Woodford Marketing campaign, mentioned: “Whatever the qualities that led to Neil Woodford’s inclusion within the 2013 New Yr’s Honours Listing, many would argue that his behaviour main as much as the closure of his flagship funding fund in 2019, and since, would certainly not appeal to related approbation.”

Mr Agathangelou mentioned that Mr Woodford’s actions left hundreds of buyers with vital losses, for a lot of at a essential time of their lives as they approached retirement. He accused Mr Woodford of accepting no formal accountability, and exhibiting little or no regret and of getting made no significant effort to treatment the scenario.

Mr Agathangelou mentioned Mr Woodford’s persevering with to revenue personally because the seriousness of the scenario unfolded made him unworthy to proceed holding the CBE.

Mr Agathangelou mentioned: “Those who really feel Neil Woodford’s CBE ought to be forfeited ought to write to Sir Chris Wormald, chair of the Forfeiture Committee, Cupboard Workplace, at This electronic mail handle is being shielded from spambots. You want JavaScript enabled to view it., and clarify the the reason why they consider his honour ought to be forfeited. And along with that they will assist our petition.”

Suggestions for forfeiture are submitted via the Prime Minister to the King. If the King offers his approval, a discover of forfeiture is normally positioned within the London Gazette. The petition calling for Neil Woodford’s CBE to be forfeited is right here.

In April Mr Woodford wrote: “I’m neither hero nor villain,” for the launch of his new web site Woodford Views.

The launch got here lower than every week after the FCA revealed a warning discover on 11 April in opposition to Neil Woodford and Woodford Funding Administration alongside its preliminary findings in relation to Woodford fund administrator Hyperlink Fund Options.

The regulator mentioned that Mr Woodford had a “faulty and unreasonably slender” understanding of his obligations for managing liquidity dangers. It warned it was contemplating regulatory motion.

Mr Woodford and his firm Woodford Funding Administration are to problem the FCA’s findings on the administration of liquidity for the Woodford Fairness Earnings Fund, in line with their attorneys.