FCA 'likely' to seek £306m redress from Link Fund Solutions over Woodford mismanagement

‘Failings in managing liquidity’

James Baxter-Derrington
clock • 1 min read
Manager of the former LF Woodford Equity Income fund Neil Woodford
Image:

Manager of the former LF Woodford Equity Income fund Neil Woodford

The Financial Conduct Authority has made clear it is “likely” to seek consumer redress of up to £306m on Link Fund Solutions over its failings in the collapse of the former Woodford Equity Income fund.

In a statement relating to a proposed takeover of Link Group, the FCA revealed the probable course of action it will take over Link Fund Solutions' "failings in managing the liquidity of the WEIF"....

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