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Showing 1 - 10 of 10 results for "Woodford fund"

Link Group sells Funds Solutions, settles with FCA

CASSANDRA BALDINI  |  THURSDAY, 20 APR 2023
... 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
... last September after a court rejected the deal as necessary conditions could not be satisfied. This included the Woodford fund issues.

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
... shortfall to cover the redress payments Link Fund Solutions may be required to make, following the mismanagement of the Woodford fund. The FCA said that its view is that Link Fund Solutions may be required to pay in relation to the Woodford matters an ...

Link rejects latest Dye & Durham proposal

ANDREW MCKEAN  |  MONDAY, 19 SEP 2022
... Solutions Limited (LFSL) isn't liable for restitution and or redress payments in relation to the management of the Woodford Fund, a cash payment of $1.00 per Link Group share. Alternatively, if within 24 months, the final and binding conclusion of ...

UK regulator flags big redress bill likely for Link

JAMIE WILLIAMSON  |  WEDNESDAY, 14 SEP 2022
... funds to cover any redress payments Link Fund Solutions might be required to make following the mismanagement of the Woodford fund. In June 2019, after years of underperformance, Neil Woodford issued an apology to investors via YouTube whose money was ...

Class action over YouTube fundie fallout

ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
UK investment giant Hargreaves Lansdown is facing a potential class action over its alleged promotion of Neil Woodford's funds. The Woodford Equity Income Fund was spectacularly wound up after its namesake star fundie Neil Woodford offered an emotional ...

Northern Trust chair defends Woodford loan

ELIZABETH MCARTHUR, KANIKA SOOD  |  TUESDAY, 17 SEP 2019
Northern Trust chair and chief executive Michael O'Grady has defended the company giving an embattled Neil Woodford fund added flexibility on a £150 million loan. The British fundie famously took to YouTube to apologise to investors after his fund ...

Fidante makes key sales appointments

ALEX BURKE  |  TUESDAY, 12 JAN 2016
Challenger's boutique fund manager, Fidante Partners, has appointed three new senior sales professionals. Nick Hamilton joins Fidante as head of product and marketing, reporting to Fidante general manager Cathy Hales. Previously he held roles at Invesco ...
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