Link will challenge £306m Woodford redress bill

Link 'does not agree with the FCA’s view’ on consumer redress estimate

James Baxter-Derrington
clock • 1 min read

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." Link Group said it "remains supportive" of Link Fund Solutions considering all options, adding the firm "continues to trade profitably with a leading position in its ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Why are so many active fund managers underperforming?

Why are so many active fund managers underperforming?

US tech stocks have dominated market performance for a long time

Laith Khalaf
clock 29 January 2025 • 5 min read
Diversification: The case for looking further afield in 2025

Diversification: The case for looking further afield in 2025

'The best gains of all could come from casting the investment net far and wide'

Sheldon MacDonald
clock 28 January 2025 • 4 min read
RGL adds further 1,500 Woodford investors to lawsuit against Hargreaves Lansdown

RGL adds further 1,500 Woodford investors to lawsuit against Hargreaves Lansdown

Total of approximately 6,600 claimants

Cristian Angeloni
clock 27 January 2025 • 2 min read