Closure of the Guaranteed Profits Funds 2019
26 September 2019
The Guaranteed Profits Funds 2019 (“GPF 2019”) reach their Guaranteed Profits Date on 31 December 2019 and will subsequently close. In effect this means that the funds ‘mature’ and the value of the GPF 2019 units you hold on that date will then be available for reinvestment.
The proceeds will automatically be switched, depending on the currency of the Guaranteed Profits Fund in which policyholders are invested, into one of the Currency funds listed below.
|Closing Fund||Default Replacement Fund|
|D19 Guaranteed Profits Fund 2019 Sterling||M65 Investec GS Sterling Money|
|F19 Guaranteed Profits Fund 2019 US Dollars||M66 Investec 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.