Woodford investors to receive initial £185.7m distribution
Redress to be paid out today, almost five years on from fund’s initial suspension
ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.
Redress to be paid out today, almost five years on from fund’s initial suspension
As the regulator continues to move towards a ‘polluter pays’ FSCS model
A total of 22 claims have already been filed with the FSCS
Clients who are owed money have been urged to get in touch with the lifeboat scheme
More than 1,000 consumers are expected to be compensated
12 claims have already been filed with the FSCS
To explore whether compensation could be deemed valid under its rules
FSCS has already received claims against both companies
Ongoing fund costs and adviser charges are not being taken into consideration
As liabilities may fall onto another company that is still in business
FSCS has already received five claims against it
Around 99.5% of victims have been paid redress