FCA updates on Link Fund Solutions investigation

FCA has confirmed it has now issued Link Fund Solutions Ltd with a draft Warning Notice following its investigation into the circumstances leading up to the suspension of the Woodford Equity income Fund. The firm has 14 days to respond to the notice, and unless it reaches agreement with FCA within that time, will  be able to challenge FCA’s findings and proposed action before the RDC. FCA is proposing a fine of £50m and the basis for redress payments it would propose the firm makes, which could amount to over £306m.

Emma Radmore