Property Fund - removal of notice period

The 6 month notice period on the Corporate Business Property Fund will be removed from the 1st May 2012. This affects Defined Contribution, Additional Voluntary Contributions pension plans as well as Personal Retirement Bonds (PRBs).

A notice period may be reintroduced on the property fund at some point in the future. The length of any future notice period may depend on how long it takes to sell the assets in the fund.