Aegon Henderson UK Property (AOR) fund re-opens to redemptions (payments out)

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On Friday 14 October 2016, Henderson Global Investors resumed trading in the Henderson UK Property fund, the underlying fund of the Aegon Henderson UK Property (AOR) fund which is available to Aegon’s One Retirement (AOR) investors.

As a result, at 12:00pm on Friday 14 October 2016, we resumed trading in the Aegon Henderson UK Property (AOR) fund.

This means that investors in this fund can now make payments into and out of the fund as before.

Why did the fund suspend trading?

Please see our previous update regarding this here.

Why has the fund resumed trading?

The UK commercial property market has recently shown signs of stabilising. The fund managers have also sold a number of properties raising cash levels within the portfolio, enabling the fund to resume trading.

What this means for investors

The fund has re-opened which means investors can now make payments into and out of the Aegon Henderson UK Property (AOR) fund.

Any requests for redemptions from the funds made after 14 October 2016 will be fulfilled.

Regular payments

If you make regular payments into the Aegon Henderson UK Property (AOR) fund these will have been diverted to your individual cash facility when the fund was suspended, unless you instructed us to do otherwise.

You will need to instruct us to redirect regular payments into the Aegon Henderson UK Property (AOR) fund if you wish to resume these payments. You or your adviser can do this by accessing your online account.

Model portfolios

Where the Aegon Henderson UK Property (AOR) fund was used in a model portfolio, any allocation was removed during the fund suspension and reassigned to cash.

This will continue with any existing holdings in the fund being sold down at the next rebalancing point unless we receive alternative instructions.

We recommend that financial advisers and discretionary fund managers review their affected model portfolios as soon as possible.

Where can I find more information?

If you’d like more information, please speak to your financial adviser. If you don’t have a financial adviser, you can find one in your area by going to www.unbiased.co.uk

You can also view our property fund Q&A here.

 

The value of investments may go down as well as up. Investors may receive less than originally invested.