The content of this site is aimed at financial advisers only.
Click here for the customer site.
18 March 2020
What does this
mean for customers invested in the Woodford Equity Income fund?
We will calculate your clients’ 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 aim to complete each switch transaction into the Artemis Income Fund within a week of the funds being received, subject to staff availability during the current Covid-19 pandemic. These will be effective from our date of receipt. We will confirm the switches by sending a
fund switch statement each time.
For clients invested in the mutual fund directly through their self-invested policy we will retain it in the cash account until we receive instructions from you or your clients. We will write to you once this is in your clients’ cash account.
We will continue to update you as and when LFS release further investments.
There will continue to be restrictions on policy transactions for as long as your client has investments in the LF Woodford Equity Fund, and we’ll contact you/them where appropriate.
Where can I find out more?
Further information can be found by visiting the
Link Fund Solutions website.
You can always
contact us if you have any questions. You can also view details of the funds your clients’ are 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.