Woodford fund investors could be in line for £306m in compensation

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FCA orders fund’s administrator, Link, to ringfence sum as part of conditions related to its takeover

The administrator of the failed fund run by the former star stock-picker Neil Woodford could be forced to pay investors up to £306m in compensation, the City regulator has said.

The Financial Conduct Authority said on Monday it was ordering the fund’s administrator, Link, to ringfence the sum as part of conditions related to Link’s takeover by the Canadian cloud-based software company Dye & Durham.

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