By Louis Goss The UK firm that managed Neil Woodford’s flagship investment fund is facing a £50m fine over its running of the fund before its collapse in 2019. The UK’s Financial Conduct Authority (FCA) has issued a draft warning notice against Link Fund Solutions Ltd (LFS) indicating it could be forced to pay £306m in costs and a £50m fine. LFS – a subsidiary of Australian firm Link Group – managed the LF Woodford Equity Income Fund (WEIF) before it was suspended from trading three years ago. LFS now has 14 days to respond to the FCA’s notice, by either challenging the FCA’s findings or settl…