Link Fund Solutions will “explore all options” in relation to the £306m consumer redress bill likely to be imposed on the firm over its failings in the collapse of the former Woodford Equity Income fund.
Writing in response to the statement yesterday (12 September) from the Financial Conduct Authority, Link reiterated that this was "not a final decision" and it would fight against the claim as it "does not agree with the FCA's view". The statement read: "LFSL will explore all options, including challenging any warning notice that may be issued at the regulatory decisions committee and further through the upper tribunal." FCA 'likely' to seek £306m redress from Link Fund Solutions over Woodford mismanagement Link Group said it "remains supportive" of Link Fund Solutions considering ...
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
