Prudential restricts withdrawals from institutional UK property fund

clock • 1 min read

Prudential has implemented withdrawal restrictions on its Workplace Pensions Prudential UK Property fund as scrutiny on open-ended funds' liquidity issues continue.

The firm said requests to access money from the fund will be delayed for up to six months, adding that clients will receive a letter confirming the request when it is ready to be actioned. In a ...

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