What do you need to do?
We received the second
capital payment from Aviva on 18 October 2021 and will now calculate your
clients’ share of the money and pay it into their policies:
- If you’ve already advised
us of an instruction for where to invest the capital payments from Aviva, then
we will pay it into that fund and no further action is needed.
- If we didn’t get an
instruction from you, we’ll pay it into the Phoenix Wealth Money Market fund.
Alternatively, if you
wish to select a different fund to invest this second payment into, then we
need you to advise us of the new instruction as soon as possible:
For non self-invested policies: please use My requests on
online services to send us your instructions and choose the “Non-standard fund
switch/redirect” drop-down option. This is the quickest way - here's how
If you’re not registered
for online services, please send us your instructions by emailing us at drawdown@phoenixwealth.co.uk or write to us
at:
Phoenix Wealth
PO
Box 1393
Peterborough
PE2 2TP
For self-invested policies: we need your
instructions to be on company headed paper and signed by the adviser named on
the policy. Please scan and email them to us at: isd@sipp-phoenixwealth.co.uk. If you’ve already advised us of a new instruction for where to invest
the capital payments from Aviva, then we will pay it into that fund and no
further action is needed.
What happens next?
We will continue to update this ‘News and views’ section of
our website, as and when Aviva release further investments. Please check back
regularly for any further updates.
Where can I find out more?
-
Take a look at our Q&As: covering all
the key questions we are getting on this topic. You can download them here.
-
About the fund closure: more information can be found on
the Aviva Investors website, although bear in mind their
information is aimed at clients investing directly in the fund and won't all be
relevant.
-
Fund research: you can find details of alternative funds and the Phoenix
Wealth Money Market fund, including performance and a factsheet through our fund
information centre.
-
Clients’ existing fund portfolios: you can view
the funds your clients are invested in online. To do this, you’ll need to be
registered for our online services. Registering is easy:
o For non self-invested policies, just visit our registration
page here.
o For self-invested policies, visit our registration page here.
-
About the first capital
payment: you can find a reminder of details of the
first capital payment in our news article here.
You can also contact us - we’re
here from 8.30am to 5pm, Monday to Friday.