Link eyes sale of UK unit amid talks with FCA over Woodford settlement

It is in exclusive talks with Dublin-based firm Waystone to sell the Fund Solutions business.

Link Group is in talks with the FCA over a settlement in relation to probe regarding a defunct fund ran by Neil Woodford (Woodford Investment Management/PA) (PA Media)

Australia’s Link Group has said it is in exclusive negotiations to sell its UK Fund Solutions division as talks take place over a settlement with the UK financial regulator over an investigation into the unit.

The share registry business said on Monday that it is discussing a settlement with the Financial Conduct Authority (FCA).

The FCA also confirmed it is in discussions with the firm amid its investigation into the now-defunct LF Woodford Equity Income Fund.