Which products can an adviser withdraw from online? If cash isn’t available, what can the adviser do? How can the adviser withdraw from Prufund without triggering the 28-day delay?... Which products can an adviser withdraw from online? If cash isn’t available, what can the adviser do? How can the adviser withdraw from Prufund without triggering the 28-day delay? Can you cancel the withdrawal element of a ‘sell and withdrawal’?
Understand the Problem
The question is asking for detailed procedures and options available to an adviser regarding the withdrawal of products from an online platform, specifically focusing on the GIA, ISAs, and Prufund, as well as the handling of withdrawals without delays.
Answer
An adviser can manage investments online; sell assets if cash is unavailable. Withdrawing from Prufund may trigger delays unless flexible options apply.
An adviser can sell and withdraw investments or amend personal details online if they manage the investments for the client. If cash isn't available, the adviser may need to sell other assets to generate cash. Withdrawal from Prufund can usually trigger a 28-day delay unless specific conditions or flexible access options apply, which aren't detailed in the snippets available. It appears possible to contact customer service directly to manage or cancel specific transactions.
Answer for screen readers
An adviser can sell and withdraw investments or amend personal details online if they manage the investments for the client. If cash isn't available, the adviser may need to sell other assets to generate cash. Withdrawal from Prufund can usually trigger a 28-day delay unless specific conditions or flexible access options apply, which aren't detailed in the snippets available. It appears possible to contact customer service directly to manage or cancel specific transactions.
More Information
It's important to understand the specific terms of the investment product as some might have penalties or delays for withdrawals. Advisers may need to work closely with product providers to find solutions that meet client needs.
Tips
Advisers should ensure they confirm the specific procedures and any penalties for withdrawals with the financial institution directly.
Sources
- Withdrawal Form - Link Fund Solutions - linkfundsolutions.co.uk
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