More than 500 investors with money locked up in Neil Woodford funds have contacted a law firm investigating a possible legal case against online investment broker Hargreaves Lansdown.Leigh Day said inquiries have flooded in over the two weeks since it announced it was looking at a making claim against Hargreaves Lansdown on behalf of investors who lost money following the collapse of Woodford Investment Management.It comes as a second law firm, Slater & Gordon, also confirmed it was investigating whether there was any wrongdoing or conflict of interest on behalf of Hargreaves, which has been heavily criticised for keeping the Woodford fund on its 'best buy' lists up until its suspension in June.Fallen star manager: Hargreaves has come under fire for its support of Neil Woodford in its best buy list and in-house fundsBozena Michalowska-Howells, head of the consumer law team at Leigh Day, said: 'Many of the investors who have contacted Leigh Day have together several million pounds locked in the suspended Woodford funds. His criticism of AstraZeneca chief executive David Brennan in the 2012 shareholder spring was widely regarded to have cost him his job, and his critique of BAE’s attempted £28bn merger with Airbus is acknowledged as one of the reasons the deal collapsed.Woodford, who was widely referred to in the media as an investment “hero” and fund management “star”, had done exceedingly well over his quarter century there. ... My wife is trading 212 account and quotes are instant and constant. Alternatively, our freepost address is: Freepost, HARGREAVES LANSDOWN . Give the dividend back to the unit holders?”At Invesco Woodford held control of huge stakes in some of the UK’s biggest firms, and his opinions mattered. © 2020 Guardian News & Media Limited or its affiliated companies. If you click on them we may earn a small commission. We are no longer accepting comments on this article.The property market mini-boom could go bust as job losses soar after furlough ends, Rics estate agents warnCovid crisis stops many young workers from saving into pensions: Tips to keep YOUR retirement plans on track in pandemicAs UK investors look for a piece of the American stock market dream, these are the cheapest and easiest ways for Britons to buy US sharesSIMON LAMBERT: This recession is dire but what matters now is how the UK climbs out of the hole - and there are some signs that look promisingHow to purchase a property in a pandemic: What first-time buyers need to know about buying a home nowCampaigners question official claim that 'less than 300' Help to Buy homes are unsafe due to cladding issuesCan you make a profit and get your money to do some good? “You have to have a sufficiently strong arrogant gene to back your judgment, back your conviction. 'We'll also be looking at the price achieved when buying and selling instruments, such as ordinary shares, on the Hargraves Lansdown platform and whether or not this represents Best Execution.
'They are very angry that they may have been misled by Hargreaves Lansdown and that significant parts of their life savings and pensions have been lost. Hargreaves Lansdown faces headwinds, Shore and Jefferies say (Sharecast News) - Hargreaves Lansdown's results were positive but the company faces tougher times ahead, Shore Capital and … As job losses hit 730,000, your essential guide to striking out on your own and starting up a businessThe red tape nightmare stopping millions selling their flats: Banks demand proof cladding isn't a risk - or they will refuse a mortgageInsurer Admiral restores dividend after drop-off in travel during lockdown results in fewer motoring claims and higher profitsSparkling rewards for gold buyers: The coronavirus crash has sparked a rush on precious metals... but why are they rising and is it too late to cash in?My flat has got a leak, is mouldy and the shower doesn't work: I've withheld my rent to try to get the landlady to fix it - what else can I do?Neil Woodford's Income Focus fund may follow his flagship in...Make Woodford return our £8.7m: Outraged investors contact...SALLY HAMILTON: Say hasta la vista to the costly fund...'Woodford should hang his head in shame, I don't know how he...What you need to know each week: Listen to the This is Money podcast More than 500 investors with money locked up in Neil Woodford funds have contacted a law firm investigating a possible legal case against online investment broker Hargreaves Lansdown. What do they want me to do? Here's how to make the leapFancy being your own boss? 'Hargreaves became engulfed in the saga involving the frozen Woodford fund. 'Some links in this article may be affiliate links. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Nothing to do with me and I’ve been very successful. He got his first break in insurance, before drifting into fund management. If you didn’t, you would end up with a portfolio that looks very much like the index. I’ve drawn this big dividend. But it’s also annoyed me that they [Hargreaves Lansdown] let it go on so long.”He told the Sunday Times: “The clients have been stuffed in this horrible Woodford fund. Almost 300,000 Hargreaves Lansdown customers have £1.6 billion trapped in Neil Woodford’s suspended investment portfolio, the funding platform has revealed.The fund supermarket told the Peter Hargreaves says fund manager appears not to have been truthful about performance The billionaire founder of the UK’s largest retail investment platform has attacked the beleaguered fund manager Peter Hargreaves – who with Stephen Lansdown founded the The FTSE 100 company has come under fire for using its Wealth 50 list of recommended funds to promote Woodford’s Equity Income fund, which Hargreaves, 72, told the Sunday Times: “It’s annoyed the hell out of me that it would appear he [Woodford] has not been truthful with Hargreaves Lansdown.
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