Application money held in trust
We will only open your account once you have satisfied our application requirements including the identification requirements resulting from the Anti-Money Laundering and Counter-Terrorism Financing Act.
If our application requirements have not been met, we can hold your application money for a period not usually exceeding 30 days. During that time, you will not be issued with units in the Fund and your application money will not be earning interest for you.
If, by the end of that time, our application requirements remain incomplete, we will return your application money to you.
Part A of the Avenue Retirement Service PDS