Woodford Investments collective action
Slater and Gordon are working to commence possible claims surrounding the collapse and suspension of the Woodford Equity Income Fund, which has seen millions of pounds in losses for thousands of retail investors who are now trapped in the fund.
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What is the Woodford Equity Income Fund claim?
Our collective actions team is investigating possible claims against in respect of its management and oversight over the Woodford Equity Income Fund. We're also considering possible claims against , which promoted the Woodford Equity Income Fund.
Why are we intending to pursue Link Fund Solutions Ltd?
Link was and is the Authorised Corporate Director of the Woodford Equity Income Fund. While it delegated investment management functions to Woodford Investment Management, it nevertheless retained significant and extensive regulatory obligations relating to the investments held by the Fund.
We’re investigating if Link fulfilled these regulatory obligations and if not, whether this caused the failure of the Woodford Equity Income Fund. The is likewise investigating the role played by Link in the demise of the Fund.
Why are we also investigating Hargreaves Lansdown?
Hargreaves Lansdown promoted the Woodford equity income fund via its Wealth 150 and later Wealth 50 “Best Buy” lists.
The “Best Buy” Lists are a shortlist of Hargraves Lansdown’s favourite funds, which it promotes as being rigorously tested.
Despite ongoing concerns about the growing number of investments in small and unlisted companies by the Woodford Equity Income Fund, Hargreaves Lansdown continued to promote the Woodford Equity Income Fund on their “Best Buy” Lists until the Fund was eventually suspended.
It appears that thousands of investors invested in and remained invested in the Woodford Equity Income Fund precisely because it was included on these “Best Buy” lists.
We’re considering whether the Best Buy lists were misleading and if so, whether there’s any actionable wrongdoing on the part of Hargreaves Lansdown.
Where are our investigations up to with the Woodford Equity Income Fund?
We're at an advanced stage and have appointed a senior barrister and financial experts to ensure that we have the best legal and financial expertise and advice as we press forward.
We're investigating claims by anyone who invested in the Woodford Equity Income Fund and suffered a capital loss.
Investors who meet the claim criteria, regardless of the investment platform they used, are eligible to sign-up with us.
Those investors who used Hargreaves Landsdown to invest may have additional claims against Hargreaves Landsdown, which we're considering.
How do I join the Woodford Equity Income Fund claim?
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There has been no nonsense, the claim has been dealt with in a professional manner & at a good pace. The staff are friendly & speak clearly, they explained what is taking place there & then as well as what will take place next, reassuring you every step of the way, Slater & Gordon was recommended to me & would recommend them to anyone who was interested Kevin (Trustpilot review)
Excellent Service! I was amazed at how professional and efficient this company dealt with our situation to our total satisfaction. Would highly recommend and definite 5 STARS! Brian H. (Trustpilot review)
Service so far has been exceptional.The phone was answered promptly and the claims process was explained in depth.Assistance was given via telephone to complete the necessary forms. Emails are answered promptly. Steve C. (Trustpilot review)