• 12 June 2019

    Extended - Suspension of trading in Woodford funds (Updated 5 August 2019)

    Link Fund Solutions Limited, the Authorised Corporate Director of the LF Woodford Equity Income Fund has "formally reviewed the suspension and announced that it remains in the best interests of investors for the suspension to continue and that the suspension of dealing is likely to last until early December."

    Following Woodford Investment Management Limited's suspension of trading in the LF Woodford Equity Income Fund, with effect from 4 June 2019, we're unable to process transactions on policies that are invested in Phoenix Wealth funds that invest in this fund.

    Woodford Investment Management Limited (Woodford) have received an increased level of requests to take money out of the LF Woodford Equity Income Fund over recent months therefore, from 4 June 2019, Woodford decided that it’s in the best interests of investors to suspend current trading. As a result, we are unable to trade in the funds listed below until Woodford start dealing again:

    • Phoenix Wealth LF Woodford Equity Income Fund
    • Phoenix Wealth LF Woodford Equity Income Fund S3
    • Phoenix Wealth  LF Woodford Equity Income Fund S4 
    • Phoenix Wealth Life LF Woodford Equity Income Fund

    We are sorry for any inconvenience that this may cause but, at this time this means we are unable to process transactions on policies that are invested in any of the funds shown above. 

    Woodford have confirmed that they are monitoring the position daily and the suspension will be lifted as soon as possible. We will continue to update this website with any new information that we receive.

    You can find more information, such as regular updates and questions and answers on the Woodford Investment Management website. If you have a policy query, please call us on 0345 129 9993 quoting reference PW/Woodford. We're here from 8.30am to 5.30pm, Monday to Friday.