Save, but no prospering with a unit trust fund
My mother died in June and left some Save & Prosper income units – I have been trying to redeem them, but I am getting nowhere. The registrar, Barclays, told me to write to Save & Prosper in Essex – which I did twice, but have had no answer to either letter. I'm rather annoyed as these units were counted as income/assets when my mother was in a care home – the last valuation I had from the local authority was for £522. My mother was 105 when she died, but most of her assets had been used up by care home costs, so I need this money to cover probate costs. EH, Newtown, Powys Getting to the bottom of this proved decidedly tricky. Following various mergers and takeovers Save & Prosper unit trust funds were, back in 2000, re-branded as JP Morgan Fleming. Since then the Fleming has been dropped and it is now just JP Morgan Asset Management (JPMAM). We are pleased to say the company has confirmed it has traced a holding in the name of your late mother. For your information, her S&P Income Units are now called the JPM Premier Equity Income Fund. The company has sent us details of how you can redeem the units. You will need to send a copy of the death certificate, and they have provided a phone number. Anyone else in the same boat should call JPMAM on 0800 20 40 20. We welcome letters but cannot answer individually. Email us at [email protected] or write to Brignall & King, Money, the Guardian, 90 York Way, London N1 9GU. Please include a daytime phone number
Market Reactions
Price reaction data not yet calculated.
Available after full seed + reaction pipeline runs.
Similar Historical Events
No strong historical parallels found (score < 0.65).