Irish Life has blocked withdrawals from its €500 million Irish property fund for the next six months following a recent spike in the number of requests by investors seeking to get their money back, the Business Post has learned.
The insurance and pensions company confirmed to this newspaper that it has closed the fund until at least the end of August as it seeks to liquidate some of its property portfolio in order to pay ...
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Irish Life blocks withdrawals from €500m property fund as investors rush to exitThe insurance and pensions company said it had limited withdrawals its main Irish property fund after a recent spike in requests from investors seeking to get their money back The biggest con out there Irish life The six month notice period was introduced in March 2020 for all switches, withdrawals or transfers out of any of their property funds or funds with significant exposure to property!
Source: businessposthq - 🏆 8. / 71 Read more »
Irish Life blocks withdrawals from €500m property fund as investors rush to exitThe insurance and pensions company said it had limited withdrawals its main Irish property fund after a recent spike in requests from investors seeking to get their money back
Source: businessposthq - 🏆 8. / 71 Read more »
Irish Life restricts investors taking cash out of €500m property fundIrish Life restricts investors taking cash out of €500m property fund via IrishTimesBiz
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