Which funds are
affected?
Phoenix Wealth CT UK Property (Life)
Phoenix Wealth CT UK Property
Phoenix Wealth CT UK Property S3
Phoenix Wealth CT UK Property S4
Why is this
happening?
To protect the interest of investors, Columbia Threadneedle
Investments has suspended dealing in the CT UK Property PAIF and its feeder
fund. This is due to the amount of cash in the Fund reducing to a level where
future redemption requests would not be able to be met until an orderly sale of
assets has completed.
What does this mean
for customers invested in these funds?
These temporary fund suspensions mean that you are currently
unable to pay into, or make withdrawals from any of the above funds until they
start dealing again.
-
For non
self-invested policies - If you have any ongoing transactions that are impacted
by these suspensions, we’ll let your adviser know what action you can take. If you
don’t have an adviser, we’ll contact you directly.
-
For
self-invested policies – you may wish to review any regular investment or
disinvestment instructions associated to the fund. Income and charges will
continue to be paid provided there is sufficient cash in your cash account.
We will continue to update our website when we receive
further information. If you have a policy query, please call us on 0345 129 9993. We’re here from 8.30am
to 5.30pm, Monday to Friday.