Woodford platform transfers - AJ Bell comment

Laura Suter
10 July 2019

Link Fund Solutions and Woodford Investment Management have made the z share class for the Woodford Equity Income fund available to other platforms to enable transfers from Hargreaves Lansdown - https://woodford.linkfundsolutions.co.uk/questions-and-answers/

Laura Suter, personal finance analyst at investment platform AJ Bell, comments:

“Investors are understandably frustrated about being stuck in the Woodford fund, but at least this move means that they can transfer their money to another platform, rather than having the whole process held up by the fund suspension. 

“The fact that transfers from Hargreaves Lansdown to other platforms were being held up due to a technical share class issue was particularly annoying for investors wanting to move their money out. At such a stressful time for investors, this should help to ease at least some of their frustrations.” 

Laura Suter
Personal Finance Analyst
Laura Suter is personal finance analyst at AJ Bell. She is a multi-award winning former financial journalist, having specialised in investments. Laura joined AJ Bell from the Daily Telegraph, where she was investment editor. She has previously worked for adviser publications Money Marketing and Money Management, and has worked for an investment publication in New York. She has a degree in Journalism Studies from University of Sheffield.
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