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In charge of £63bn of savings: Woodford’s tainted fund bosses | Money

The tainted firm facing a penalty of more than £300 million for its role in the Woodford fund scandal is still in charge of more than £60 billion of savers’ money.

Link Fund Solutions, which has been warned by the City regulator the Financial Conduct Authority (FCA) that it faces a huge compensation bill for its part in the collapse of the Woodford Equity Income fund, oversees some of Britain’s most popular funds. They include the £6.5 billion Troy Trojan, the £4.9 billion Lindsell Train Equity and the £837 million Blue Whale Growth funds.

The fund manager Neil Woodford’s investment empire fell apart in June 2019 when his flagship fund, which was overseen by Link, was frozen as thousands of investors tried to get their

SOURCE: https://www.thetimes.co.uk/article/in-charge-of-63bn-of-savings-woodfords-tainted-fund-bosses-5ndhpjnkw

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