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

Director of Personal Finance

Laura Suter is director of personal finance at AJ Bell. She is a spokesperson for the company on a range of personal finance topics and is quoted in print media and regularly appears on TV and radio. She is also a founding ambassador of AJ Bell Money Matters, a campaign to get more women investing and engaging with their finances; she hosts two podcasts; and regularly speaks at events and webinars. Prior to joining AJ Bell she was a multi-award winning financial journalist, specialising in investments. Laura joined AJ Bell from the Daily Telegraph, where she was investment editor. She has previously worked for adviser publications in London and New York and has a degree in Journalism Studies from University of Sheffield.