October 15, 2019 / 6:53 AM / a month ago

UK regulator to consider request to close flagship Woodford fund

LONDON, Oct 15 (Reuters) - The fund administrator of Neil Woodford’s suspended LF Woodford Equity Income Fund will request formal approval to wind-up the fund, Britain’s Financial Conduct Authority said on Tuesday.

The Woodford fund’s administrator Link Fund Solutions (LFS) had separately announced the decision to close the fund.

“LFS expects the winding-up to begin in mid-January, subject to regulatory approvals. LFS will now request formal approval from the FCA to wind-up the fund,” the FCA said in a statement.

The FCA also published a Q&A to guide investors in the Woodford fun on what they can expect to happen.

Reporting by Huw Jones, editing by Sinead Cruise

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below