In today’s briefing:
- But Wait … Even More Penalties In The Link Admin/D&D Situation
But Wait … Even More Penalties In The Link Admin/D&D Situation
- Earlier this week, Link Administration (LNK AU) rejected Dye & Durham’s revised proposal to factor in any redress payments from the UK’s FCA in regards to the Woodford Fund.
- FCA has now assessed an appropriate penalty of £50mn in addition to the previously announced restitution payment of £306.1mn.
- The FCA is all but telegraphing it will default LFSL unless Link steps in. Link says it has made no such commitment. D&D should walk.
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