Woodford redress: 'What has the FCA been doing for three years?'

£306m ‘nowhere near enough’

James Baxter-Derrington
clock • 3 min read
“A major investigation has essentially been front run by a potential deal. That feels wrong.”
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“A major investigation has essentially been front run by a potential deal. That feels wrong.”

Following the news that the Financial Conduct Authority (FCA) is likely to impose a £306m redress claim on Link Fund Solutions, industry commentators have questioned the continued delays relating to the collapse of the former Woodford Equity Income fund (WEIF).

Since the wind-up of WEIF was first announced to the FCA revelation that it had found Link Fund Solutions had failed to manage the liquidity of the fund, 1,064 days passed with no clear sign of whe...

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