Investors in the former Woodford Equity Income fund must approach the proposed scheme with “careful thought”, as while the deal offers an end to a “sorry saga”, there are various compromises to consider, experts have warned.
Yesterday (7 September), investors received a practice statement letter from Link Fund Solutions, offering a timeline and further detail on the deal first brought to public attention in April of this year. Darius McDermott, managing director at Chelsea Financial Services, described it as "the best deal investors will get", adding "there is a reason why the FCA has backed it", while Jason Hollands, managing director of Bestinvest, said while it will not leave investors "feeling pleased…it is the only credible way forward". Woodford investors set for early 2024 payout if scheme passes ...
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