Latest Breaking News On - Link group fund solutions - Page 1 : comparemela.com
Link Fund Solutions Limited has disclosed details of the proposed scheme of arrangement to investors involved in the LF Equity Income Fund in a practice statement letter
<h2>Highlights</h2>
<ul>
<li>Doing the right thing as part of your day job is easy in financial services and far more rewarding in the long run</li>
<li>The FCA praises Quilter – parent company of Lighthouse Advisory Services – for taking action to redress customer losses</li>
<li>Creditors for Woodford Equity Income Fund should seriously consider the offer on the table – this is the quickest and best chance to obtain redress</li>
<li>FCA took assertive action in a case involving racehorses as part of its supercharged commitment to fight crime and fraud</li>
</ul>
Link Fund Solutions has agreed to pay up to £235million to investors who lost money following the collapse of Neil Woodford s £3.8billion Equity Income Fund.
<p><span>Following an investigation by the Financial Conduct Authority (FCA), Link Fund Solutions (LFS) has agreed to provide, with a material contribution from its ultimate parent, Link Administration Holdings (Link Group), a significant redress payment to investors in the LF Woodford Equity Income Fund (the WEIF) of up to approximately £235 million.</span></p>