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Showing 1 - 8 of 8 results for "LFS"

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 Fund Solutions sale completes

CHLOE WALKER  |  TUESDAY, 10 OCT 2023
... transferred to the firm. "After months of hard work from both teams and multiple regulatory bodies, we are delighted to welcome all LFS staff to the Waystone family," Waystone interim executive chair Nancy Lewis said. "This is the start of a new chapter ...

Link Group sells Funds Solutions, settles with FCA

CASSANDRA BALDINI  |  THURSDAY, 20 APR 2023
Link Group has sold 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) ...

Link due to settle defunct Woodford fund with FCA

KARREN VERGARA  |  MONDAY, 20 FEB 2023
... in the fund as it faced liquidity issues. Link announced to the ASX today that its UK business Link Fund Solutions Limited (LFS), the trustee of the fund, is due to settle the Financial Conduct Authority's investigation. By the same token, Link's ...

Link Fund Solutions hit with further legal action

JAMIE WILLIAMSON  |  TUESDAY, 17 JAN 2023
... Woodford Equity Income Fund," Leigh Day's action states. Acknowledging the action via an ASX statement, Link Group said: "LFS will vigorously defend itself against the proceedings." There is also a third class action that has been served against Link ...

Link seeks to offload Fund Solutions

ANDREW MCKEAN  |  THURSDAY, 20 OCT 2022
Link Group is exploring divestment options for the troubled Link Fund Solutions business, which includes Link Fund Solutions Limited, and has appointed Macquarie Capital and UBS Securities as advisers. As previously reported by Financial Standard, in ...

Link rejects latest Dye & Durham proposal

ANDREW MCKEAN  |  MONDAY, 19 SEP 2022
Link Group said it's unable to recommend the latest Dye & Durham offer and intends to evaluate alternatives for the business should it not eventuate. Recently, the UK's Financial Conduct Authority (FCA) approved Dye & Durham's takeover of ...

Australia approaches fiscal cliff: UBS

ALLY SELBY  |  WEDNESDAY, 20 MAY 2020
... jobs. "Today's payrolls data implies job losses of only ~22k in the two weeks to May 2, for a ~100k decrease in the May LFS reference period; albeit for a cumulative drop of ~882k since March, which is much larger than the April LFS which showed ...
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