Investors in fallen stock-picker Neil Woodford’s failed Equity Income Fund have been offered a compensation package worth up to £235 million almost four years after its collapse.
The proposed redress for more than 300,000 investors in the former Citystar’s LF Woodford Equity Income Fund was revealed late last night by City watchdog the Financial Conduct Authority (FCA). It will be paid by fund administrator Link Fund Solutions, with support from its Australian parent Link Group.
