Woodford legal claims raise concerns over potential Link Fund Solutions redress

‘A bad deal for investors’

Law firms representing investors in the former Woodford Equity Income fund have raised concerns over the potential settlement revealed by the Financial Conduct Authority.

In an announcement issued late on 19 April, investors were told a redress payment of "up to £235m" had been agreed between the FCA, Link Group and Link Fund Solutions. This payment would end the regulator's enforcement action against Link Fund Solutions, it said, though there were still "other parties" under investigation over the collapse of Woodford's fund. The Woodford saga is far from over However, Daniel Kerrigan, senior associate at Harcus Parker, one of the firms representing investor claims, slammed the settlement as a "bad deal for investors who will still lose meaningful ...