FCA promises £235m Woodford payout as Link investigation ends

FCA concluded its investigation in Link Fund Solutions

Elliot Gulliver-Needham
clock • 2 min read

The Financial Conduct Authority (FCA) has concluded its investigation into Link Fund Solutions over the Woodford Equity Income fund, stating that £235m is set to be paid back to Woodford investors.

In a statement yesterday evening (19 April), the FCA said that following the conclusion of its investigation, there would be a "significant redress payment to investors in the LF Woodford Equity Income fund". This payment would end the regulator's enforcement action against Link Fund Solutions, it said, though there were still "other parties" under investigation over the collapse of Woodford's fund. The £235m payment would be partially funded by the sale of LFS by Link Group to Australian firm Waystone Group. In an Australian stock exchange announcement today (20 April), Link Group...

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

PA360: 'Diversified approach has room for both active and passive' - David Coombs

PA360: 'Diversified approach has room for both active and passive' - David Coombs

‘Volatility is your friend if you are a long-term investor’

Jenna Brown
clock 01 May 2025 • 2 min read
PA360: FOMO can 'significantly' alter investors' risk appetite

PA360: FOMO can 'significantly' alter investors' risk appetite

Albemarle Street Partners’ Charlie Parker on the social element of investing

Isabel Baxter
clock 01 May 2025 • 1 min read
PA360: Investors must understand importance of 'proper diversification'

PA360: Investors must understand importance of 'proper diversification'

‘Investors don’t have to choose a single door’

Sahar Nazir
clock 01 May 2025 • 1 min read