CEO of a rival fund supermarket tells MPs he has been contacted by retail investors prevented from moving

The chief executive of a rival to Hargreaves Lansdown, the fund supermarket, has claimed some investors in Neil Woodford’s equity income fund are being prevented from switching to other online fund brokers.

 submitted to the UK Parliament’s Treasury Committee, Interactive Investor chief executive Richard Wilson claimed some investors in Woodford’s suspended £3.7bn Equity Income fund were “inexplicably ‘locked in’ to their platform provider”.

Woodford investors ‘blocked’ from quitting Hargreaves

Chief executive of a rival fund supermarket tells MPs he has been contacted by retail investors prevented from moving

David Ricketts

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