The redress payment is made up of LFS's assets plus part of the proceeds from the sale of LFS (without the Woodford liability) to Dublin-based Waystone Group.
Those invested in the fund when it was suspended started to receive a share of the up to £230mm redress scheme, which was approved by the High Court in February.
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A Link spokesperson said at the time: “We are pleased the scheme has become effective and the initial payment has now been made to scheme investors
“We have always believed the scheme was the best option to provide investors with a substantial level of redress.”
tara.o'connor@ft.com
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