Link Fund Solutions Limited (LFSL) says it expects to begin making payments under a £230m redress scheme to Woodford investors in the first quarter of 2024.

Four years after the suspension of the Woodford Equity Income Fund, the FCA’s Therese Chambers has written to the estimated 300,000 investors to urge them to vote on the redress proposals.

Link Fund Solutions has agreed to pay around £235m to investors in the LF Woodford Equity Income Fund, following an investigation by the FCA.

The Financial Conduct Authority is in advanced confidential discussions with Link Group and Link Fund Solutions to determine whether the FCA’s proposed enforcement action against the latter can be resolved by agreement.