Our core goal here is simple: to get back investors’ money.

You trusted your money with the Woodford Equity Income Fund (WEIF) and, if you are here, have likely lost significant amounts of investment. While we are all aware that “the value of investments may go down” when investing through Funds, the core issues here are not that the Woodford fund lost value – but rather that:

1. With regard to Link – the Authorised Corporate Director (ACD) of the WEIF – their legal responsibilities as an ACD include:
   • ensuring the fund over which it is appointed operates in accordance with how the fund was promoted and sold to investors (including the composition of the assets in which the fund invests) and applicable legal requirements,
   • supervising the investment manager (in relation to the WEIF, this was Woodford Investment Management, Mr Woodford’s company) and
   • ensuring the ongoing liquidity of the fund.

   Given the circumstances of the WEIF’s collapse, there are some very obvious questions to which Link needs to provide a satisfactory response, failing which its obligations should lie in the recompense of investors’ losses.

2. With regard to Hargreaves Lansdown, particular attention has been paid to its relationship with Woodford Investment Management, the entity run by Mr Woodford and to which Link delegated the management of the WEIF. It certainly appears that Hargreaves Lansdown knew of liquidity issues in the WEIF from November 2017.
   This brings into acute focus the level of knowledge and information to which Hargreaves Lansdown’s senior management was privy from this time – who, what, when? – and shines a spotlight on the fact that Hargreaves Lansdown nonetheless continued to include the WEIF in the recommended funds making up its Wealth 50 (and precursor Wealth 150).

The long and short of it is: RGL believes you should not have to lose out.

The legal team’s conclusions are very promising from the perspective of investors, with reference to claims against both Link Fund Solutions (Link) and Hargreaves Lansdown. Legal causes of action of real substantive merit are available that, if proven, would entitle investors to a reimbursement of losses suffered.

Bringing a claim as one of a large group of claimants is far more efficient and effective when seeking legal redress and compensation.

We at RGL Management are litigation specialists, with extensive expertise in law, investment banking, corporate operational management and claimant communication, all of which are essential when managing a large complex legal action.

We build the right team for each legal claim, including solicitors and counsel, processing and admin resource, litigation funding, “after the event” or “ATE” insurance and other specialist advisory services such as financial analysis, forensic accounting, PR and social media support.

Any claimant group brought together by RGL is armed with the appropriate amount of funding and insurance, and represented by a top legal team, so as to match the defendant’s lawyers and resources. This provides the fire power necessary to create the level playing field essential for any legal claim with prospects against a large, well-financed target.

Putting together the funding and insurance package also means there is no cost or financial risk involved in pursuing the group legal action, ensuring peace of mind throughout the process.

RGL is authorised and regulated by the Financial Conduct Authority in respect of regulated claims management activity.

You can read more about RGL group actions on the RGL Management website

We recently issued a Claim Form (previously known as a writ) in London’s High Court, on behalf of thousands of claimants. Further claims will be added in the coming months.

If you would like to join the group action, regardless of how small you may feel your losses have been, register your interest here.