Neil Woodford investors to get £230 million payout - with first payments by April

A High Court judge has approved a compensation scheme for investors trapped by the collapse of the Woodford Equity Income Fund. We explain how it will work.

Piles of money next to a sand timer
(Image credit: Getty Images)

Investors in the collapsed Woodford Equity Income Fund are set to receive compensation totalling up to £230 million after a judge's ruling last week.

About 300,000 people lost money when the fund, run by famous stock-picker Neil Woodford, was frozen in 2019.

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Ruth Emery
Contributing editor

Ruth is an award-winning financial journalist with more than 15 years' experience of working on national newspapers, websites and specialist magazines.

She is passionate about helping people feel more confident about their finances. She was previously editor of Times Money Mentor, and prior to that was deputy Money editor at The Sunday Times. 

A multi-award winning journalist, Ruth started her career on a pensions magazine at the FT Group, and has also worked at Money Observer and Money Advice Service. 

Outside of work, she is a mum to two young children, while also serving as a magistrate and an NHS volunteer.