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FCA warns Link it faces £50m fine over Woodford fund collapse

Link Fund Solutions has 14 days to respond to the FCA's draft warning notice

Issuing a draft warning notice is a ‘normal step in the FCA’s enforcement process and provides a recipient with an opportunity to resolve the case by agreement’, the FCA said
Issuing a draft warning notice is a ‘normal step in the FCA’s enforcement process and provides a recipient with an opportunity to resolve the case by agreement’, the FCA said Photo: Chris Ratcliffe/Getty Images

The Financial Conduct Authority warned the administrators responsible for overseeing Neil Woodford's now defunct flagship investment fund that it could face a £50m fine as part of enforcement action.

The latest warning on 21 September comes in addition to more than £300m it may have to pay out in compensation to investors.

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