Following the news article on 24th May the Fund has received the attached letter from the Prudential.
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AVC provider Prudential closing Prudential UK Property S3 Fund
One of the Fund AVC providers the Prudential have confirmed that they are closing their UK Property S3 fund (the “property fund”) with an effective date of 22 June 2021. They propose to move investments in the property fund to a multi-asset fund, the Prudential Dynamic Growth I S3 fund (“PDGI”). If you are invested in the property fund they will write to you to let you know about the change.