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Showing 1 - 8 of 8 results for "WEIF"

ASIC acts against 28 SMSF auditors

MATTHEW WAI  |  FRIDAY, 30 JAN 2026
ASIC penalised 28 self-managed superannuation fund (SMSF) auditors in the first half of FY26, including the cancellation of 22 registrations. ASIC said its action relates to breaches of obligations and standards, including failures to comply with auditing ...

FCA fines Neil Woodford, WIM $94m

KARREN VERGARA  |  WEDNESDAY, 6 AUG 2025
... Woodford Investment Management (WIM) has been slapped with a £40 million fine ($82.1m). The Woodford Equity Income Fund (WEIF) faced a liquidity crunch in 2019 after investing in mostly illiquid assets. Link Fund Solutions, which is now under MUFG ...

FCA issues notices to Link Fund Solutions, Woodford

KARREN VERGARA  |  FRIDAY, 12 APR 2024
The Financial Conduct 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 ...

Link Fund Solutions hit with further legal action

JAMIE WILLIAMSON  |  TUESDAY, 17 JAN 2023
... by January 18. About 20,000 claimants are represented by the firms. "From our investigations, we believe that Link allowed WEIF to hold excessive illiquid or difficult-to-sell investments, which caused investors significant loss. In doing so, we consider ...

Link vows to fight class action

KARREN VERGARA  |  WEDNESDAY, 29 SEP 2021
... Equity Income Fund. UK law firm Leigh Day kicked off proceedings against Link Fund Solutions on September 27 on behalf of 100 WEIF investors. Link Group's UK subsidiary has been embroiled in the demise of the WEIF since 2016 when it began underperforming ...

Link faces another lawsuit

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
... been hit with another lawsuit for allegedly failing to protect more investors from the troubled Woodford Equity Income Fund (WEIF). UK law firm Leigh Day is representing more than 4000 clients who invested in the WEIF, which is now known as the LF Equity ...

YouTube fundie walks away

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... to as a "star stock-picker" in the UK press before the woes of 2019. In June this year, the Woodford Equity Income Fund (WEIF) was first suspended due to liquidity issues. Woodford had invested in unquoted, illiquid assets in a proportion which presented ...

YouTube fundie ousted, flagship fund to be wound up

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... the authorised corporate director of the fund, announced last night that it will wind up the Woodford Equity Income Fund (WEIF). BlackRock Advisers have been appointed as transition managers. Woodford said in response to the news: "This was Link's decision ...
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