The FCA has warned that it will intervene on the sale of client banks if selling firms fail to make clear any redress liabilities. 

Link Fund Solutions Limited (LFSL) says it expects to begin making payments under a £230m redress scheme to Woodford investors in the first quarter of 2024.

The FCA has today forced a further three firms to reverse the effects of misleading British Steel Pension Scheme (BSPS) offers.

Four years after the suspension of the Woodford Equity Income Fund, the FCA’s Therese Chambers has written to the estimated 300,000 investors to urge them to vote on the redress proposals.