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Showing 1 - 10 of 60 results for "Fund Solutions"

FCA issues notices to Link Fund Solutions, Woodford

KARREN VERGARA  |  FRIDAY, 12 APR 2024
... Authority's (FCA) investigation into the Woodford Equity Income Fund (WEIF) finds that the failures of Link Fund Solutions (LFS) and "star stock picker" Neil Woodford ultimately led to the fund's demise, leading to the regulator issuing notices. ...

Link, The Trust Bank progress acquisition

KARREN VERGARA  |  TUESDAY, 20 FEB 2024
... simplification strategy is now complete with the sales of our banking and credit management (BCM) business and fund solutions (FS) UK and Ireland business finalised." "We continue to execute our plans. Our focus on retirement and superannuation solutions ...

Mitsubishi UFJ Financial Group to acquire Link Group

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... independent expert's assessment if the deal is in the best interests of Link shareholders. Last week, Link Fund Solutions finalised the compensation amount of $438 million it will pay investors in the failed Woodford Equity Income Fund.

Woodford investors approve Link redress scheme

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... Woodford Equity Income Fund have approved the compensation scheme under which up to $438 million will be paid by Link Fund Solutions. About 93.7% of investors - representing 96.1% of the value - voted in favour of the scheme proposed by UK regulator ...

Link revises financial reports after ASIC review

ANDREW MCKEAN  |  FRIDAY, 3 NOV 2023
... that identified potential "material misstatements." ASIC pinpointed discrepancies in the recorded value of Link's Fund Solutions business assets and provisions tied to its settlement with the UK Financial Conduct Authority (FCA). Subsequently, Link will ...

Link shakes up board, names super industry veteran

KARREN VERGARA  |  FRIDAY, 13 OCT 2023
... Gupta, and Glen Boreham will retire from their board positions. Link's restructure in recent years include divesting Fund Solutions and the Banking & Credit Management businesses, as well as the demerger and in-specie distribution of PEXA. In light of ...

Link Fund Solutions sale completes

CHLOE WALKER  |  TUESDAY, 10 OCT 2023
Link Group has completed the sale of its UK and Irish fund solutions business to Waystone Group (Waystone), a year after first seeking a buyer. Having sought a buyer since October 2022, the sale of the troubled Fund Solutions arm to Waystone was first ...

Super, retirement unit cushions Link's massive loss

KARREN VERGARA  |  MONDAY, 28 AUG 2023
... the biggest players in the Occupational Retirement Scheme Ordinance (ORSO) pensions administration market". The Fund Solutions arm continues to dampen Link's performance with the unit's FY23 performance, starting with a massive $368.6 million ...

Blackwattle selects Apex Group for administration

CASSANDRA BALDINI  |  TUESDAY, 8 AUG 2023
... approach to the market which has been received enthusiastically by the Australian investment community," he said. "Our fund solutions will free up the time and resources of the Blackwattle investment team, enabling them to focus on building on their ...

Link Group to cop $418m loss

JAMIE WILLIAMSON  |  THURSDAY, 3 AUG 2023
... conditional agreement with the UK regulator, the Financial Conduct Authority, to settle its investigation into Link Fund Solutions following the failure of the LF Woodford Equity Income Fund, which Link Fund Solutions oversaw. Link Group is expected ...
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