compensation for LF Woodford Equity Income Fund

smallisa

I had invested in this via the Bestinvest platform, what is the process by which compensation is paid and how much?

brewerdave

It was paid into the platform that you were using - final payment was March 2024, I believe.

Diaz09

I'd check your Bestinvest account statements from around that time to see if any compensation payments were automatically credited - they should show up as separate transactions. If you can't find anything obvious, I'd give Bestinvest a ring directly as they'll have records of what compensation (if any) was due to your specific holding and when it was paid out.

smallisa

Thanks for this, what level of compensation was paid, I had a £10k holding?

masonic

It was estimated at between 4-8 pence in the pound, so in your case less than £1000. About half of it was paid in a lump sum in March 2024, followed by several smaller payments.

The redress was paid after the fund had already returned capital to investors through a corporate action (over 70p in the pound).