FCA: Woodford compensation payments could begin as early as 2024

Details of scheme due in September

James Baxter-Derrington
clock • 3 min read

The Financial Conduct Authority has said investors in the former Woodford Equity Income fund could begin to see compensation as early as 2024, subject to the approval of the scheme and completion of the sale of Link Fund Solutions.

Writing in response to an investor letter issued by LFS this morning (28 July), the regulator welcomed the update, which offered a potential timeline for next steps and revealed the introduction of an investor committee. A spokesperson for the FCA said: "We welcome the update provided today by Link Fund Solutions. LFS have said that they remain on track to provide more details on how the scheme of arrangement will operate by September. "Investors could start to receive payments from early 2024, subject to the approval of the scheme and the completion of the sale of LFS to Waystone Gro...

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