Neil Woodford: My investment principles didn’t change after leaving Invesco
Former fund manager said there is ‘much more to be revealed’ behind the story of WIM’s collapse
Former fund manager said there is ‘much more to be revealed’ behind the story of WIM’s collapse
Also found Link Fund Solutions failed to act with due skill, care and diligence in its management of the Woodford Equity Income Fund
First payment can be expected in early April
Transparency Task Force considering an appeal
If approved, the firm anticipates an initial distribution to be made in Q1 next year
600 Link staff will join fellow asset servicing firm
Link has issued a letter announcing details of the proposed Scheme of Arrangement
Further details of the compensation scheme expected to be announced in September
Though the deal still rests on Link Fund Solutions’ sale to Weystone Group
A settlement with the FCA currently stands in the way of a potential sale to Waystone Group
As the eligibility for and finality of the FCA’s proposed redress scheme is called into question
Claims are estimated to be in excess of £100m