News articles

Since a raft of property funds were forced to suspend dealing in March 2020 amid the height of the Coronavirus (COVID-19) pandemic, some of those funds have either started trading again or are looking to lift their suspensions. Here you can see the latest updates.

You may have read in the press about the fraudulent use of the Phoenix Wealth Management name. We’d like to reassure you that this is not related to Phoenix Wealth in any way. Your personal details, your policy and your funds have not been impacted and are safe.

Link Fund Solutions (LFS), who administer the underlying fund will be making capital distributions in phases as and when they manage to sell assets. We’re expecting to receive the fourth proceed, on or around, 11 December 2020.

We need to carry out some essential work on our IT systems which isn't possible to do over the weekend. During this period, some of our online services will be unavailable and there may be a very small impact on our servicing ability but this shouldn't impact the majority of our turnaround times.

Link Fund Solutions (LFS), who administer the underlying fund will be making capital distributions in phases as and when they manage to sell assets. We’re expecting to receive the third proceed, on or around, 26 August 2020.

We are today pleased to announce that Phoenix Group has acquired ReAssure and is now the UK's largest long-term savings and retirement business.

Fund managers Aberdeen Fund Managers Limited, BMO, Janus Henderson, Aviva Investors, Threadneedle, Standard Life Investments and Legal and General have temporarily suspended trading in their property funds (as well as their relevant feeder funds). This is due to valuation uncertainty amid the ongoing Coronavirus outbreak. No transactions can be made in these funds until the suspension is lifted.

Link Fund Solutions (LFS), who administer the underlying fund will be making capital distributions in phases as and when they manage to sell assets. We’re expecting to receive the second proceeds, between 15% and 20% of the value of the fund on the day of release, on or around, 25 March 2020.

Update from Phoenix Wealth