Thousands of investors trapped in Neil Woodford's now defunct flagship fund have been told they can expect a further payment next month, as the administrator responsible for winding down the former best-seller prepares to pay out as much as £98m to savers.

Link Fund Solutions, which acted as authorised corporate director to Woodford's beleaguered Equity Income fund, has told investors that the latest round of payments will be made on or around 11 December, after it has completed the sale of some of the fund's assets to Acacia Research Corporation.