The Authorised Corporate Director (ACD) responsible for the Woodford Equity Income fund (WEIF), Link Fund Solutions, has dismissed claims it failed in its role and said it had "at all times acted in accordance with applicable rules and in the best interests of all investors".
Link, which has been associated with previous high-profile fund closures, has been under fire from regulators, politicians and the wider investment industry for its part in the suspension of WEIF, which ultimately led to the demise of the fund and Woodford Investment Management. Critics, including former chair of the Treasury Select Committee Nicky Morgan MP, allege Link's involvement as an ACD may have had "holes in the process" amid claims from industry commentators they could "get away with it again" at another fund house. In a statement, the firm said: "[Link] considers that it ha...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
