Link Fund Solutions has been put up for sale by its parent Link Group amid a Financial Conduct Authority (FCA) investigation into its role in the collapse of the former LF Woodford Equity Income fund.
The unit's Australian parent company, Link Administration Holdings, said in a statement on Thursday (20 October) that it will explore options to divest its Link Fund Solutions business, having appointed Macquarie Capital and UBS Securities Australia as its advisers. The move comes a month after the FCA issued Link Fund Solutions with a draft warning notice, proposing a £50m penalty fee in addition to its already announced £306m redress payment. The unit served as an authorised corporate director to the former LF Woodford Equity Income fund, which led to thousands of investors sufferin...
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