When you are setting up a regular withdrawal, you will be given the option of setting up an auto-disinvestment, either proportionally or from the largest fund holding. Each month the system will create the necessary trades for the withdrawal 6 working days prior to the selected payment date at 7am. The withdrawal settlement date is set to be the longest settlement of the orders, which is on average 5 working days, so the funds should arrive in the client’s bank account on the day that the last trade settles.

If you choose not to set up an auto-disinvestment on a regular withdrawal, it will be your responsibility to ensure there is sufficient cash in the account for us to make the regular payment. If we cannot pay the regular due to insufficient available cash, we will let you know, but it is likely that the client’s payment will be delayed.