FCA approaches conclusion on Woodford enforcement

'Advanced confidential discussions'

Elliot Gulliver-Needham
clock • 1 min read

The Financial Conduct Authority has moved closer to reaching a conclusion on enforcement over the collapsed Woodford Equity Income fund.

The FCA said today (20 February) that it was in "advanced confidential discussions" with Link Group and Link Fund Solutions to determine whether the FCA's enforcement action "can be resolved by agreement". The regulator added that it was focused on "ensuring that consumers affected by the suspension of the Woodford Equity Income Fund (WEIF) obtain redress". It said that to assist in this aim, it had provided time for Link Group to realise assets "to meet the FCA's concerns". The regulator added: "We have previously set out that any redress figure would be based on our view of LFS's...

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