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Showing 1 - 10 of 36 results for "Link 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
Link Group is on track to become part of Mitsubishi UFJ Financial Group (The Trust Bank) by mid-2024, having kicked off work to integrate the businesses. In a trading update this morning, Link said it has filed all major regulatory approval submissions ...

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 Fund Solutions sale completes

CHLOE WALKER  |  TUESDAY, 10 OCT 2023
... platform - with further international expertise and capability - to service our current and future clients." Link Fund Solutions chief executive Karl Midl added: "This is an exciting moment for the team and our clients. Together, we will be able to provide ...

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 ...

Link Group sells Funds Solutions, settles with FCA

CASSANDRA BALDINI  |  THURSDAY, 20 APR 2023
... entities and Woodford-related liabilities. The final amount will depend on the value of combined revenue in Link Fund Solutions. It is still trying to sell the Luxembourg and Swiss entities. The FCA has signalled it will support the sale, Link said ...

Link due to settle defunct Woodford fund with FCA

KARREN VERGARA  |  MONDAY, 20 FEB 2023
... was trapped 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 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
... Link has been exploring divestment options for the troubled Link Funds Solutions business, which included Link Fund Solutions Limited; it appointed Macquarie Capital and UBS Securities as advisers. The UK Financial Conduct Authority (FCA) approved a ...
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