Following an investigation by the FCA, Link Fund Solutions (LFS), a subsidiary of Link Group, has agreed to provide a redress payment to investors in the LF Woodford Equity Income Fund (WEIF) of up to approximately £235 million.
The redress is to cover losses to over 300,000 investors in the WEIF as a result of failures by LFS, as the authorised corporate director of the WEIF, in managing the liquidity of the fund.
The fund was initially suspended...
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