Link Fund Solutions (Link) has suspended dealings in the £253 million LF Woodford Income Focus Fund (WIFF) following the resignation of Woodford Investment Management (WIM) as its investment adviser.

According to Link, the fund’s authorised corporate director, the decision to suspend dealings in WIFF also reflects WIM’s decision to exit the investment management sector in the aftermath of its loss of the £3.03 billion LF Woodford Equity Income Fund (WEIF) mandate on 15 October.

“As a result of this we expect that the redemptions in the fund will reach a level whereby it may no longer be able to continue to meet ...