Scottish Widows restricts withdrawals from Life Property Fund
by Gill Montia
Story link: Scottish Widows restricts withdrawals from Life Property Fund
Scottish Widows has once again banned certain types of withdrawal from its £600 million Life Property Fund. The move means that around 35,000 investors in the commercial property fund will have to wait up to 180 days to retrieve their savings. However, claims made on the death of a policyholder, at policy maturity or for [...]
NU closes commercial property fund for withdrawals
by Gill Montia
Story link: NU closes commercial property fund for withdrawals
Investors in Norwich Union’s (NU) unit-linked life and pensions’ property fund may not be able to redeem their cash for up to six months. The insurer is limiting withdrawals, although savers whose policies are due to mature during the period and those who receive regular payments from the fund are not affected, along with anyone [...]
