ACD Link refutes Woodford accusations over former Equity Income fund

Industry appetite for new fund slim

James Baxter-Derrington
clock • 4 min read

Link Fund Solutions, the authorised corporate director (ACD) of the former Woodford Equity Income fund, has hit back against manager Neil Woodford's claims that he had no role in the suspension and eventual liquidation of his failed fund.

In a statement, a spokesperson for LFS said any suggestion that Woodford Investment Management (WIM) was "not aware of the possibility of suspension, or did not engage in discussions concerning the decision to suspend, is incorrect", adding the press release that announced the suspension asserted the decision was made "in the best interest of all investors" and was "reached in conjunction with" Woodford Investment Management (WIM). They added: "The decision to suspend the fund, which WIM did not object to, was taken to protect all investors in the fund following a sustained period of und...

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

Join

 

Already a Professional Adviser member?

Login

More on Investment

Watch Professional Adviser's Working Lunch with Schroders - Beyond the Pulse: Essential insights for financial advisers in 2025

Catch up on the discussion

Professional Adviser
clock 10 July 2025 • 1 min read
Investors 'do not understand' implications of private markets investing

Investors 'do not understand' implications of private markets investing

House of Lords Financial Services Regulation Committee looked at the issues

Linus Uhlig
clock 09 July 2025 • 1 min read
NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

Making technology work better

Katrina Lloyd
clock 03 July 2025 • 9 min read