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.