News articles

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.

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.

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

Latest update from David Woollett, Customer Director at Phoenix on what this means for Phoenix Wealth customers.

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 first proceeds, between 60% and 70% of the value of the fund on the day of release, on or around, 30 January 2020.