Property

Cash level raised to 21%

Slight glimmer of hope for shuttered funds

Advises a 'general lifting' of material valuation uncertainty

Cause of property OEIC suspensions last March

Empty offices still no deterrent for confident investors

Portfolio of 132 properties

Structure 'an accident waiting to happen'

'Significant risks' remain

Response to FCA's planned 180-day notice period

May not reopen until 2021