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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Woodford fund investors could be in line for £306m in compensation

FCA Link Neil Woodford LFS
It is the first time that the regulator has revealed any penalty related to the collapse of Neil Woodford’s failed fund
It is the first time that the regulator has revealed any penalty related to the collapse of Neil Woodford’s failed fund Photograph: Reuters

The administrator of the failed fund run by the former star stock-picker Neil Woodford could be forced to pay investors up to £306m in compensation, the City regulator has said.

The Financial Conduct Authority said on Monday it was ordering the fund’s administrator, Link, to ringfence the sum as part of conditions related to Link’s takeover by the Canadian cloud-based software company Dye & Durham.

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