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UK regulator flags big redress bill likely for Link

The UK's Financial Conduct Authority (FCA) has approved Dye & Durham's takeover of Link Group, but the acquisition may be hindered by potential redress payments of more than $500 million over Link's involvement with the LF Woodford Equity Income Fund.

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Read more: FCALink Fund SolutionsLink GroupLF Woodford Equity Income FundDye & DurhamFinancial Conduct AuthorityACCCNeil Woodford