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Conditional fee agreements—switching from legal aid to CFA

Copyright © 2025 LexisNexis
Published by a LexisNexis Dispute Resolution expert
Practice notes

Conditional fee agreements—switching from legal aid to CFA

Copyright © 2025 LexisNexis

Published by a LexisNexis Dispute Resolution expert

Practice notes
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This content is no longer in use on Lexis+
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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Switching definition
What does Switching mean?

The name given to the process of changing the choice of funds in which a policy is invested. Ordinarily the units of one fund are redeemed and units are purchased in another fund. It can also be many funds being redeemed for purchase into one new fund, or alternatively one fund being redeemed and invested in a selection of other funds. The purchase of units as part of a switch is done at the bid price, so preventing another bid/offer spread being incurred by the policyholder. A charge is sometimes levied for this service.

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