SLFC Aberdeen UK Property Pension fund
In March 2020, we were informed that the Aberdeen UK Property fund had placed a suspension on dealing transactions into and out of the fund due to extraordinary market conditions. As a result of the suspension of the Aberdeen UK Property fund, we considered it appropriate to suspend customer transactions into or out of the SLFC Aberdeen UK Property Pension fund (Code F912).
Under the terms and conditions of our i2Live plans, transactions may be suspended for a maximum of six months. To deliver on this promise, we reopened the SLFC Aberdeen UK Property Pension fund (Code F912) on 18 September 2020.
This continues to be a period of great uncertainty for property valuations and the underlying Aberdeen UK Property fund remains closed. We are opening the SLFC Aberdeen UK Property Pension fund with support from the company to enable customers to transact should they wish to do so. If we consider it appropriate we will apply a fair value adjustment to the fund price. This will ensure fairness for any customer who moves out of the fund while protecting customers who remain invested in the fund.
Please call us on 0345 642 4444 (or +44 1256 656 472 from overseas) if you have any questions. Or get in touch by email at i2Live@sloc.co.uk.
Message last updated on 18 September 2020