ACD Link refutes Woodford accusations over former Equity Income fund

Industry appetite for new fund slim

Link Fund Solutions, the authorised corporate director (ACD) of the former Woodford Equity Income fund, has hit back against manager Neil Woodford's claims that he had no role in the suspension and eventual liquidation of his failed fund.

In a statement, a spokesperson for LFS said any suggestion that Woodford Investment Management (WIM) was "not aware of the possibility of suspension, or did not engage in discussions concerning the decision to suspend, is incorrect", adding the press release that announced the suspension asserted the decision was made "in the best interest of all investors" and was "reached in conjunction with" Woodford Investment Management (WIM). They added: "The decision to suspend the fund, which WIM did not object to, was taken to protect all investors in the fund following a sustained period of und...