Aegon Scottish Equitable is set to lift restrictions imposed on certain transactions out of its commercial property funds.
The firm says it has raised enough liquidity in the Aegon Scottish Equitable Property fund to review the redemption notice periods introduced at the start of the year, which also affected its Select Reserve and Select Distribution funds. Aegon says its first priority is with customers that have already requested to withdraw money from the fund but adds it hopes it will be able to lift total withdrawal restrictions. Aegon was one of several firms, including Scottish Widows and Friends Provident, that suspended withdrawals from its property funds in January following a significant downturn ...
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