Closure of the Guaranteed Profits Funds 2020
04 September 2020
The Guaranteed Profits Funds 2020 (“GPF 2020”) reach their Guaranteed Profits Date on 31 December 2020 and will subsequently close. In effect this means that the funds ‘mature’ and the value of the GPF 2020 units you hold on that date will then be available for reinvestment.
If we have not received alternative investment instructions two days prior to the closure date i.e. 29 December 2020, the proceeds will be automatically switched into one of the following Currency funds, depending on the currency of the Guaranteed Profits Fund in which you are invested:
|
Closing Fund |
Default Replacement Fund |
|
D20 Guaranteed Profits Fund 2020 Sterling |
M65 Ninety One GS Sterling Money |
|
F20 Guaranteed Profits Fund 2020 US Dollars |
M66 Ninety One GS US Dollar Money |
For more information on the above Default Replacement Funds, please visit our Fund Centre.
Further information can be found in the client letter, which has been sent out to policyholders invested in these funds.
Should you have any questions regarding these changes, please contact International Funds & Investments.