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Woodford investors green-light compensation scheme

According to Link Fund Solutions, a provisional result of the scheme meeting shows 93.7% of votes cast in favour

The FCA has said the scheme is the 'quickest and best chance to obtain a better outcome than might be achieved by any other means'
The FCA has said the scheme is the 'quickest and best chance to obtain a better outcome than might be achieved by any other means' Photo: SOPA Images/Getty Images

Investors trapped in Neil Woodford’s former flagship fund have approved a multi-million pound compensation scheme — potentially drawing a line under a saga that has dragged on for more than four years.

Around 300,000 retail investors were trapped in Woodford’s Equity Income Fund when it was suspended in June 2019, with administrator Link Fund Solutions opting to wind it up four months later.

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