You may or may not be aware that investment fund management companies are required to notify you if your investment falls 10% in value since its value was last reported to you. This should be done by the end of the day on which your investments have fallen by 10% or more.
Given the volatility in March after the stock market crash and coronavirus taking hold, the Financial Conduct Authority (FCA) announced a suspension of the requirement to report 10% falls for 6 months from 1st April 2020.
Yesterday, the FCA confirmed an extension of the suspension of the requirement to notify 10% falls for the time being provided that the following actions have been taken by investments firms:
We suggest most people are already aware that there is both a pandemic and economic crisis. That said, it is still better practice to notify people of 10% falls in the value of their investments but equally we suggest they should perhaps also get a notification when their investments grow by 10%, just in case they want to profit take, move to being defensive or indeed go more aggressive.