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...
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