Scottish Widows is to temporarily suspend investment into its unit-linked life and pensions property...
Scottish Widows is to temporarily suspend investment into its unit-linked life and pensions property funds. Heavy inflows have led to a significant increase in cash positions to around 30% due to a lack of appropriate properties in which the portfolio can invest. In this current environment, the group feels such an increase in cash holdings could have a negative impact on investment returns. The temporary suspension will take effect from 11 April 2003, with 4 April the final date for quotes on the funds. Existing investments and contracts will be unaffected, with existing regular prem...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
