Woodford investors set for early 2024 payout if scheme passes

The dealing for voting has been set as as 4 December

clock • 4 min read

Investors in the former Woodford Equity Income fund should expect to receive the first distribution of the settlement fund in the first quarter of 2024, if a majority of creditors vote in favour of Link Fund Solutions’ settlement scheme.

In a practice statement letter published today (7 September), LFS laid out a timeline for the scheme, along with its view on the alternatives if creditors refuse to back it. On 10 October, LFS will attend a first court hearing to gain permission to call a meeting of scheme creditors to vote on their proposals, which, if granted, will allow investors in the former Woodford flagship to accept or reject the offer. From this hearing until 4 December, investors will be able to vote on the proposals via an online system, with a method for those lacking internet access also to be provided. ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

London Stock Exchange granted FCA approval to become inaugural PISCES operator

London Stock Exchange granted FCA approval to become inaugural PISCES operator

To launch later this year

Cristian Angeloni
clock 27 August 2025 • 1 min read
Watch Professional Adviser's Working Lunch with Baillie Gifford - Enduring Growth in a Changing World

Watch Professional Adviser's Working Lunch with Baillie Gifford - Enduring Growth in a Changing World

Catch up on the discussion

Professional Adviser
clock 21 August 2025 • 1 min read
PA Awards 2025: Why MyFolio Index came out top as Best Risk Targeted Range of Funds

PA Awards 2025: Why MyFolio Index came out top as Best Risk Targeted Range of Funds

Aberdeen Investments Senior Investment Director and Head of Managed & Model Solutions Justin Jones shares what sets MyFolio Index apart following its Best Risk Targeted Range of Funds award win at the Professional Adviser Awards 2025.

Professional Adviser
clock 19 August 2025 • 3 min read