Will the FCA’s response to Link failures change the role of ACDs?
TTF challenges regulator’s claim its Weif enforcement action will raise industry standards among ACDs
Link Fund Solutions
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Woodford: Link avoided £50m FCA fine due to redress scheme
Regulator said it would have proposed a penalty of up to £50m if Link had not settled on a scheme of arrangement
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FCA to take action against Neil Woodford and WIM
Also found Link Fund Solutions failed to act with due skill, care and diligence in its management of the Woodford Equity Income Fund
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Woodford investors to receive initial £185.7m distribution
Redress to be paid out today, almost five years on from fund’s initial suspension
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All-Party Parliamentary Group questions FCA over support for Woodford compensation scheme
MPs Siobhain McDonagh, Bob Blackman and Baroness Bowles voiced concerns over removal of consumer proections
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Woodford redress scheme ‘changes the game’ for consumer protections, campaign group warns
Removal of FSCS protection could have severe consequences for wealth managers, according to Transparency Task Force
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ShareSoc: Woodford delay suggests ‘serious and complex arguments’ being considered
Decision on sanctioning scheme of arrangement postponed until early February
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Decision to sanction Woodford redress scheme delayed until February
After two-day hearing on 18 and 19 January
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Voting opens on Link’s £230m Woodford scheme of arrangement
If approved, the firm anticipates an initial distribution to be made in Q1 next year
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Woodford investors granted single vote on Link redress scheme
No separate vote for retail and institutional investors
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Link Fund Solutions acquired by Waystone as Woodford fallout continues
600 Link staff will join fellow asset servicing firm
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Woodford investors set to receive share of £230m Link fund in early 2024
Link has issued a letter announcing details of the proposed Scheme of Arrangement
