Deadline looms for EEA investors to claim 5% redemption from fund

Laura Miller
clock

An action group set up to claw money back from the suspended traded life settlement fund EEA is urging investors to apply to redeem up to 5% of their shares, before the deadline of 28 November.

Holders of ‘continuing shares' - shares held continuously in the name of the beneficial owner or their appointed adviser - are able to apply to redeem up to 5% of their shares on 2 January 2015. The process varies depending on which provider investors used to buy into the fund (see below), but a completed redemption form, available from EEA, must be received by the fund's Guernsey-based administrator, International Administration, no later than 28 November 2014. Redemptions will only be granted if the available cash in the fund - the buffer it is supposed to hold to pay premiums on th...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Crypto investors receive 40 times more HMRC tax warnings than stock traders

Crypto investors receive 40 times more HMRC tax warnings than stock traders

Data shows enforcement activity shift

clock 19 March 2026 • 2 min read
Wrestling with the idea of a new world order? Try European smaller companies

Wrestling with the idea of a new world order? Try European smaller companies

'Let me try to explain the case for calm'

David Walton
clock 16 March 2026 • 4 min read
Low-cost platforms spur one in three UK adults to invest

Low-cost platforms spur one in three UK adults to invest

Trading 212 the main beneficiary

Michael Nelson
clock 12 March 2026 • 2 min read