[citation needed] In 1987 he became a fund manager with Eagle Star, then moved to Invesco Perpetual in 1988.
[5] Woodford was vocal over the 2012 proposed merger between British defence company BAE Systems and EADS, the European aerospace group, warning that unless there was a “substantial change” in BAE’s strategy, Invesco would have to consider “all options open to us”.
[6] Woodford gained a reputation as Britain’s best fund manager during his 25 years at Invesco, where he avoided the worst effects of the 1990s dot-com bubble and the 2008 financial crisis.
[16] Following this, St. James's Place plc terminated Woodford's contract to manage three of its funds, valued at £3.5 billion.
[22] In April 2023, following a Financial Conduct Authority investigation, the administrators agreed to pay up to £235m to help regulators compensate customers who had lost their savings.
[25] By November 2024, RGL said the number of people suing Hargreaves Lansdown had almost doubled in two years, to over 5,000, and could reach 10,000 by March 2025.
[28] In June 2013, in the 2013 Birthday Honours, Woodford was appointed a Commander of the Order of the British Empire (CBE) for services to the economy.