28 January 2020
What does this
mean for customers invested in the Woodford Equity Income fund?
We will calculate your share of the money sent to us by LFS and move it
to another fund called the Artemis
Income Fund. This fund has been chosen because it closely matches the
characteristics of the LF Woodford Equity Income Fund.
We’ll continue to do this as, and when, we get more money from LFS. We
will complete each switch transaction into the Artemis Income Fund within a
week of the funds being received. These will be effective from our date of receipt. We will confirm the switches by sending a
fund switch statement each time.
If you’re invested in the mutual fund directly through a self-invested
policy we will retain it in the cash account until we receive instructions from
you or your adviser. We will write to you or your adviser once this is in your
We will continue to update you as and when LFS release further
There will continue to be restrictions on policy transactions for as
long as you have investments in the LF Woodford Equity Fund, and we’ll contact
you or your adviser where appropriate.
Where can I find out more?
Further information can be found by visiting the Link Fund
You can always contact us if you have any questions. You can also view details of the funds you’re
invested in online. To do this you’ll need to be registered for our online
services. Registering is easy, just visit our registration page.
Please note that the date
and amounts quoted above are estimates and may change.
A change to your fund can be
significant and can affect the size of your pension pot when you retire. If you
have any concerns, you should think about speaking to an adviser to discuss
your options; you may be charged for any advice you receive.