FCA fines Neil Woodford £46m after fund failures

The Financial Conduct Authority (FCA) has issued a £46m fine against once-renowned investment manager Neil Woodford and his former firm, Woodford Investment Manager (WIM). The City watchdog handed Woodford a fine of £5.88m and banned him from holding senior manager roles and managing funds for retail investors. The authority also fined Woodford Investment Management £40m. [...]