As a result of the Covid-19 pandemic, a number of property funds have suspended trading due to uncertainty in the values of the physical properties held by the funds. This measure is designed to protect investors in the funds.
We will be writing to impacted investors and their financial advisers, but given the volume of such fund suspensions, this may take a few days.
If you have any regular trades set up for these funds (regular buys and/or regular sales), these will cease. You will therefore need to amend the regular instruction, which can be done through James Hay Online or by notifying us in writing (including secure message). If your sale proceeds from these funds are used to pay your pension income, you will need to instruct us to make alternative sales or the income payments may fail.