FCA to impose £50m fine on Link Fund Solutions over Woodford failings

In addition to £306m redress linked to the collapse of Neil Woodford's venture

James Baxter-Derrington
clock • 2 min read
Dye and Durham, which has announced a takeover bid for Link Group, updated its offer on 18 September.
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Dye and Durham, which has announced a takeover bid for Link Group, updated its offer on 18 September.

The Financial Conduct Authority (FCA) has issued Link Fund Solutions with a draft Warning Notice, proposing a £50m penalty fee in addition to its already announced £306m redress payment.

Issuing an update following a Link Group stock exchange announcement, the FCA confirmed it had issued the draft Warning Notice to Link Fund Solutions, which now has 14 days to respond. This noti...

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