Due to the current economic conditions, Standard Life has introduced a queuing system for clients wishing to disinvest from the Commercial property fund.
As the fund invests directly into assets such as land and buildings the selling process can be lengthy and there was a concern that the fund manager might have to forcibly sell assets to allow investors to disinvest.
Investors reaching their chosen retirement date or maturity date for investors will not be affected. Also investors that are already taking regular income or if a death claim is being paid then these actions wills not be affected.
Investors who do not meet the above criteria will be placed in the queue to obtain disinvestment from the commercial property fund. Standard life has confirmed that they will process instructions as quickly as possible, but investors could have to wait up to six months for the instructions to be processed.
For more information on the Standard Life commercial property fund please click here









