Law firm fights for Woodford investors
to secure compensation following fund collapse

We all want to make sure that our financial future is secure. We work hard to store away money each month to know that when our time comes, after a lifetime of earning, that we can enjoy the finer things in life: time with family, holidays abroad and an overall stress-free retirement.

We look to financial planners to grow our savings and guarantee a nest egg for later life. However, this doesn’t always go to plan. Many savers are misled and ultimately left out of pocket. One such group were the clients of Link Fund Solutions who lost money in the Woodford Equity Income Fund. Here at Harcus Parker, we are helping them secure deserved compensation in a class action.

What happened to the Woodford Equity Income Fund?

All savvy investors look to diversify their portfolios to ensure a steady and decent return on their investments. That is what attracted many to the Woodford Equity Income Fund, which originally promised: “quality companies that can deliver sustainable dividend growth”. The name was misleading and it became apparent that Woodford took risks without a sufficient safety net.

As Merryn Somerset Webb points out in her brilliant piece in the Financial Times, the fund was comprised of shares in small private companies that lacked liquidity to be sold when redemptions were due. Link suspended the fund in June 2019 with investors unable to release their money and many losing their savings.

However, those investors often forget that Link Fund Solutions have a responsibility to look out for them. Link enthusiastically recommended the Fund and then failed to supervise Woodford Investment Management, even as it continued to take greater risks. Experts predict many will lose 40-50% of the value of their investment. Around 300,000 hardworking savers have already lost significant money — with thousands deciding to take legal action and sign up to the class action.

What can you do to secure compensation?

The Financial Conduct Authority seems reluctant to help those savers who have lost money. Other organisations have stepped in to demand answers from Link. Here at Harcus Parker, we are launching a class action to secure compensation for those investors. We are a leading law firm that specialises in protecting consumer rights. We have years of experience and a track record of delivering for our clients; now we want to help Woodford investors.

If you hold or formerly held shares in the Woodford Equity Income Fund, you could be eligible to compensation. Find out if you can join thousands of others looking for answers. Make sure you don’t miss out on the opportunity to be partially reimbursed — helping to make your future financially secure once again.