Link and FCA update on Woodford investigation 'raises more questions than it answers'

Doubts over financial redress

This morning's (20 February) news that Link Group and the Financial Conduct Authority are in "advanced discussions" over the Woodford investigation may well have raised more questions than it answered, according to industry experts.

In a statement to the Australian stock exchange today (20 February),  Link Group, parent company of Link Fund Solutions, said it was in discussions with the UK's financial watchdog to settle all liabilities and potential redress obligations, while the FCA said` it was focused on "ensuring that consumers affected by the suspension of the Woodford Equity Income fund obtain redress". "To assist a potential resolution, the FCA has provided time for Link Group to realise assets, including Link Group held assets, to meet the FCA's concerns," the FCA said. Link said it expects to post a non-...