Woodford £230M Compensation Plan
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I have received the following letter via HL regarding the Link Solutions Woodford Compensation Plan https://lfwoodfordfundscheme.com/wp-content/uploads/2023/09/LFSL-Practice-Statement-Letter.pdf
I had significant investments at the time in both my HL Income Drawdown account (£100K+) and my S&S ISA (£30K+). My question is this:-
If the compensation plan is approved and payments are made, are these payments paid into the particular account impacted (viz. Income Drawdown or S&S ISA) or are these just paid directly to the individual either as cash or into their ordinary Fund & Share Account. Anyone know what the normal precedent is in this type of situation?
I had significant investments at the time in both my HL Income Drawdown account (£100K+) and my S&S ISA (£30K+). My question is this:-
If the compensation plan is approved and payments are made, are these payments paid into the particular account impacted (viz. Income Drawdown or S&S ISA) or are these just paid directly to the individual either as cash or into their ordinary Fund & Share Account. Anyone know what the normal precedent is in this type of situation?
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