Lawmakers’ probe of British stockpicker and broking giant could shake up the fund industry, analysts say

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A post-mortem by British lawmakers and regulators into the suspension of the U.K.’s best known stockpicker’s flagship fund could expose some systemic flaws in the fund industry, analysts have suggested.

Conservative Member of Parliament (MP) Nicky Morgan, chair of the Treasury Committee, last week wrote to the CEO of Britain’s most influential investment platform, FTSE 100-listed Hargreaves Lansdown (HL), to request information about its “close link” with high profile manager Neil Woodford.

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