Widows limits withdrawals on Life Property trust

Scottish Widows has reintroduced a 180-day delay period for certain transactions involving the Scott...

Scottish Widows has reintroduced a 180-day delay period for certain transactions involving the Scottish Widows Life Property Fund. The changes will affect those policyholders requesting to withdraw money or switch out of the fund, and begins on the day the company receives the request. It will not apply on death, critical illness claims or at a policy's maturity date, it adds, and benefits will be paid out as normal in these cases. Restrictions do not apply to any other Scottish Widows funds, including the Scottish Widows Pension Property Fund and Swip's Property Trust, the company says...