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
Neil Woodford
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Link Fund Solutions appoints PwC to advise on £235m Woodford redress scheme
Further details of the compensation scheme expected to be announced in September
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£235m redress for investors agreed as Woodford saga nears wind-up
Though the deal still rests on Link Fund Solutions’ sale to Weystone Group
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Woodford FCA saga nears end as Link tries to offload funds unit
A settlement with the FCA currently stands in the way of a potential sale to Waystone Group
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Judge rejects joint legal action against Link over Woodford collapse
As the eligibility for and finality of the FCA’s proposed redress scheme is called into question
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Hope for trapped Woodford investors as court case begins
Claims are estimated to be in excess of £100m
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Woodford fund drops £31.2m from a single holding
Benevolent AI saw its share price drop from £7.01 to £3.42 per share
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‘In dire need of an overhaul’ – the ACD system post-Woodford
One expert says it ‘feels a pretty low margin business compared to the risk of fines and compensation’
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Link sale sinks after FCA demands £356m
It is not yet clear what this means for Woodford investors
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FCA doubles down on Link with £50m fine for Woodford failings
On top of the £306m it will likely have to stump up before the watchdog will greenlight its acquisition
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Link ready to fight as FCA warns would-be buyer likely on the hook to pay £300m in redress
But no word yet on if or how it will be distributed to Woodford investors
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Shrivelling valuations make grim reading for trapped Woodford investors
There may be buyers lined up for the ‘remaining rump of firms’, but at what price compared to the valuations when the funds were suspended?
