For Heritage Equitable Life customers the Utmost Property Life and Pension fund invests in the Aberdeen Property Fund. Aberdeen Standard Investments (ASI) have suspended dealing in their range of Property Funds until further notice.
Recently we have seen some volatile markets which have impacted the values of the investments held by the unit-linked funds. Uncertainties over global events such as the Coronavirus can cause markets to behave in a more volatile manner.
The Utmost Group of Companies is pleased to announce the completion of The Equitable Life Assurance Society (“Equitable Life”) business transfer to Utmost Life and Pensions Limited (“ULP”). The transaction delivers good value to Equitable Life customers and demonstrates ULP’s credentials as a consolidator for the UK life and pensions market.
The Equitable Life scheme of arrangement and the scheme transferring the business to Utmost has been sanctioned by the High Court.
