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Controversial compensation deal is voted through with 94% support
Lawyers and campaigners warn of possible threats and delays
FCA says redress package will cover losses after fund was plunged into crisis in 2019
FCA says potential agreement aims to ensure investors get money back
Another £20mn to be paid out but value of remaining holdings in former star stockpicker’s fund slashed
Fund administrator could have to pay penalties and compensation, says FCA
FCA disclosure of potential penalty highlights that fund administration is not a sinecure
Bid to be named co-lead solicitor against administrator of failed equity fund goes to UK High Court
Thousands of investors sign up to recoup heavy losses from the biggest UK investment scandal of the decade
More than 300,000 investors are still waiting for answers
Susan Searle criticised for role in overseeing close-ended fund that halved in value during 2019
£268m fund was frozen in October after stockpicker’s business imploded
More than 300,000 UK savers have been stuck since June in the £3bn failed fund
Move comes as fund manager holds talks in China about reviving investment career
More than 50 per cent of Equity Income fund’s assets have been sold
Analysis by PJT estimates scale of losses from Equity Income vehicle’s liquidation
UK’s best-known stockpicker takes ‘highly painful decision’ after being fired from flagship
Link Fund Solutions oversees stock picker’s funds and had similar role in 2 earlier fund closures
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