The Authorised Corporate Director (ACD) responsible for the Woodford Equity Income fund (WEIF), Link Fund Solutions, has dismissed claims it failed in its role and said it had "at all times acted in accordance with applicable rules and in the best interests of all investors".
Link, which has been associated with previous high-profile fund closures, has been under fire from regulators, politicians and the wider investment industry for its part in the suspension of WEIF, which ultimately led to the demise of the fund and Woodford Investment Management. Critics, including former chair of the Treasury Select Committee Nicky Morgan MP, allege Link's involvement as an ACD may have had "holes in the process" amid claims from industry commentators they could "get away with it again" at another fund house. In a statement, the firm said: "[Link] considers that...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes