Standard Life lifts queue for property fund redemptions

The company introduced the queue in January 2009 to protect investors from forced selling of properties to meet redemption requests. Standard Life says conditions in commercial property have improved in recent months, with signs of confidence beginning to return to the market. The group also says a reduction in the number of requests to withdraw money from the funds means Standard Life no longer needs to sell properties to release cash to customers. New requests to surrender, switch or transfer money from the funds will be processed in line with the company's usual service standard...