Property funds reduce exit constraints as prospects improve

By Hysni Kaso

clock

Investors waiting to withdraw assets from restricted life property funds have seen redemption delays cut significantly in recent months as the sector sees its first positive signs in almost two years.

Scottish Widows, which introduced a 180-day withdrawal delay on its Life Property fund in February, has cut the wait by half over the course of the year, noting a “major reduction” in net outflows. Aviva also implemented delays of up to six months at a similar time on its unit-linked Property fund (life and pensions), but says its queuing system saw settlements processed after about 3-4 months. Standard Life was another to place a queue on withdrawals from a number of its commercial property products in January 2009. It has now lifted the queuing system for customers wishing to su...

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 Property Investment

Majority of advisers set to increase real estate allocation

Majority of advisers set to increase real estate allocation

To de-risk portfolios through diversification and increase ESG focus

Isabel Baxter
clock 30 January 2024 • 1 min read
Peer-to-peer market grows as advisers seek further diversification

Peer-to-peer market grows as advisers seek further diversification

Exploring Defaqto data on peer-to-peer market

Darren Winfield
clock 22 September 2023 • 4 min read
Will there be a soft landing for the UK housing market?

Will there be a soft landing for the UK housing market?

Cutting through UK housing market crash noise

Katie Poulson and Robin Ghosh
clock 27 July 2023 • 5 min read