Four asset management firms have backed Link Fund Solutions as the authorised corporate director of their funds and trusts in the wake of the Financial Conduct Authority redress proposal and upcoming sale, Investment Week has found.
Last week, Link Group, Link Fund Solutions, Waystone Group and the Financial Conduct Authority confirmed the sale of LFS to Waystone Group and that the net proceeds of the sale will comprise the majority of the redress to be paid to Woodford investors, with total compensation expected to be up to £235m. FCA agrees up to £235m Woodford payout as settlement of Link Fund Solutions investigation Investment Week contacted several of the asset and investment management companies which have Link Fund Solutions as the ACD of some of their funds and trusts, asking what the sale means for them ...
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