The Financial Conduct Authority, the City watchdog, has also responded to Link’s decision, which it is welcomed. The regulator said: The FCA welcomes the removal of uncertainty that LFS’s decision provides. We recognise that investors have been concerned about the state of their investment since the beginning of June. Winding-up the fund will allow the return of money to investors through a number of distributions, likely to begin in January 2020. This means investors should receive some of their money back sooner than had the fund remained suspended for a longer period.