Threadneedle offers more flexibility with its Cash Withdrawal Facility

Threadneedle Investment has redesigned its cash withdrawal facility (CWF) to allow investors to take regular withdrawals from their investment. Under the scheme, all dividend income generated by the fund is reinvested - free of charge - and withdrawals are made by selling sufficient shares or units to meet the level set by the investor. Regular payment - yearly, half yearly, quarterly and monthly - can be made from any of the Threadneedle Oeic funds or managed funds and the facility is also available through Peps and Isas. Investors can withdraw a set cash sum or up to 7.5...