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Showing 11 - 20 of 41 results for "Woodford"

Link Group sells Funds Solutions, settles with FCA

CASSANDRA BALDINI  |  THURSDAY, 20 APR 2023
... the troubled Fund Solutions business and reached a settlement with the UK Financial Conduct Authority (FCA) over the Woodford fund issues. Fund Solutions has been sold to Waystone Group, for between $203 to $259 million (£110- £140) and excludes Link's ...

Link due to settle defunct Woodford fund with FCA

KARREN VERGARA  |  MONDAY, 20 FEB 2023
... confidential discussions" with the UK's financial markets regulator to settle its investigation against the failed Woodford Equity Income Fund. The case has dragged on since 2019, when fundie Mark Woodford went on YouTube to apologise to investors ...

Link Fund Solutions hit with further legal action

JAMIE WILLIAMSON  |  TUESDAY, 17 JAN 2023
Link Fund Solutions is the subject of a new group action in England related to the now infamous Woodford fund failure. Law firm Leigh Day has served the action after it and another firm, Harcus Parker, had applications for a Group Litigation Order regarding ...

Link Group offloads PEXA stake

ANDREW MCKEAN  |  MONDAY, 21 NOV 2022
... available to meet any shortfall to cover potential redress payments, following Link Fund Solutions mismanagement of the Woodford fund. Consequently, Dye & Durham revised its takeover offer which Link's board rejected. In the event of the scheme not ...

Link seeks to offload Fund Solutions

ANDREW MCKEAN  |  THURSDAY, 20 OCT 2022
... (FCA) had issued a draft warning to Link Fund Solutions about its role as an authorised corporate director to the LF Woodford Equity Income Fund. While the FCA approved Dye & Durham's takeover of Link, this acquisition was subject to a requirement that ...

Link acquisition deal terminated

ANDREW MCKEAN  |  MONDAY, 26 SEP 2022
... acquisition by Dye & Durham has officially collapsed. Following necessary conditions not being satisfied, including the Woodford Matters condition and the UK Financial Conduct Authority condition, the Court declined to make orders approving the deal ...

Link rejects latest Dye & Durham proposal

ANDREW MCKEAN  |  MONDAY, 19 SEP 2022
... to meet any shortfall to cover potential redress payments resulting from Link Fund Solution's involvement in the Woodford saga. On September 18, Link Group received a letter from Dye & Durham stating that, having regard to a number of factors including ...

UK regulator flags big redress bill likely for Link

JAMIE WILLIAMSON  |  WEDNESDAY, 14 SEP 2022
... acquisition may be hindered by potential redress payments of more than $500 million over Link's involvement with the LF Woodford Equity Income Fund. The FCA said it would only approve the takeover if Link made available funds to cover any redress payments ...

Carlyle Group bids for Link

ANNABELLE DICKSON  |  FRIDAY, 5 NOV 2021
... comes after UK law firm Leigh Day kicked off proceedings against Link Fund Solutions on September 27 on behalf of 100 Woodford Equity Income Fund investors. Link Fund Solutions acted as the fund's authorised corporate director, overseeing it on behalf ...

Link vows to fight class action

KARREN VERGARA  |  WEDNESDAY, 29 SEP 2021
Link Group vowed that it will "vigorously defend" its subsidiary against a class action involving the failed Woodford Equity Income Fund. UK law firm Leigh Day kicked off proceedings against Link Fund Solutions on September 27 on behalf of 100 WEIF ...