NU defers property redemptions for up to six months

The deferral period, which could last up to six months, will affect transactions including surrenders, switches, partial surrenders, transfers, and new requests for automatic partial withdrawals. Exceptions to the deferral period will include circumstances such as critical illness, and policies with a contractual maturity or retirement data. NU marketing director David Barral says: "We recognise that this will be disappointing for some investors who may want immediate access to their capital. However, this action is in the best interests of investors by protecting the long-term value of...