Woodford Administrator Faces Possible £306 Million Hit, UK Says.

The estimated redress payment reflects the regulator's "current view" of Link's failings in managing the liquidity of Woodford's Equity Income Fund. (Bloomberg) -- The Financial Conduct Authority said the administrator of Neil Woodford's failed fund could face a penalty of up to £306 million ($358 million) over its collapse, a first indication of the likely findings from the UK regulator's longrunning probe. Woodford Administrator Faces Possible £306 Million Hit, UK Says. [Extracted from the article]