ASX-listed Link Group’s bill for letting celebrity UK fund manager Neil Woodford walk all over it in the United Kingdom is at least $449 million, being the value of its impairment declared on Monday.

The investment funds administrator is still seeking a deal with the UK financial services regulator for closure of an investigation into oversight failings related to the 2019 collapse of the $6 billion Woodford Equity Income Fund (WEIF) and has generally stated it will defend class actions being led by UK lawyers against it.