Email just received...I reckon you lose the other half now. Also the last sentence suggests that dynamic pricing will double the points required in most cases, so as to avoid gold complaints!

Hello

Have you heard? From 30th October, it’ll be a lot easier to use Virgin Points to fly, with every seat onboard, on any date, available to buy with points. Well, that goes for vouchers too. 
If you’ve got reward vouchers from your Virgin Atlantic Credit Card or Gold status burning a hole in your beach bag, the possibilities for using them are about to get more interesting - with simplified ways to treat yourself or a friend any time you like, on any flight or upgrade you fancy. 

Your vouchers can be used for companion seats or upgrades worth up to 150,000 points and can be used on any one-way or return flight. If you already have a vouchert, you can still choose to use it today but it will change to the new version on the 30th October. Either way it will keep its original expiry date.

When every seat is available to buy with Virgin Points from 30th October, Gold Reward Seats will no longer be needed, but any existing bookings will not change.