Canada Life has lifted the suspension on its Canlife UK property life and pension funds.
The £450m fund manager stopped redemptions on 6 July following a hike in withdrawal requests.
It re-opened on 1 September with a 7% fair-value adjustment penalty for investors that want to redeem funds.
Since the suspension was put into effect, the portfolio has had two month-end valuations, which the company said showed stability in the commercial property market despite continued uncertainty.
David Marchant, chief investment officer of Canada Life, said that the company expected to have enough liquidity to meet redemption demand following two sales in August.
However, he added: “Our external valuers continue to impose a caution to the accuracy of values in the lack of market transparency.”
Canada Life will continue to monitor the need for a fair value adjustment on a weekly basis.
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