Woodford deal requires 'careful thought' from investors

Questions surround FSCS compensation

James Baxter-Derrington
clock • 2 min read

Investors in the former Woodford Equity Income fund must approach the proposed scheme with “careful thought”, as while the deal offers an end to a “sorry saga”, there are various compromises to consider, experts have warned.

Yesterday (7 September), investors received a practice statement letter from Link Fund Solutions, offering a timeline and further detail on the deal first brought to public attention in April of this year. Darius McDermott, managing director at Chelsea Financial Services, described it as "the best deal investors will get", adding "there is a reason why the FCA has backed it", while Jason Hollands, managing director of Bestinvest, said while it will not leave investors "feeling pleased…it is the only credible way forward". Woodford investors set for early 2024 payout if scheme passes ...

To continue reading this article...

Join Investment Week for free

  • 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

Join now

 

Already an Investment Week
member?

Login

More on Companies

Maven Renovar in turmoil after AGM sees strategy and board rejected

Maven Renovar in turmoil after AGM sees strategy and board rejected

Backlash from shareholders

Patrick Brusnahan
clock 20 June 2025 • 4 min read
Pacific AM snaps up Viewforth team

Pacific AM snaps up Viewforth team

Founder of Viewforth joining too

Patrick Brusnahan
clock 16 June 2025 • 1 min read
Sanlam UK asset management business to fully transfer to Ninety One

Sanlam UK asset management business to fully transfer to Ninety One

First revealed in November 2024

Patrick Brusnahan
clock 13 June 2025 • 1 min read
Trustpilot