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PruFund Investment Plan (Mark 1) - PruFund Expected Growth Rates and Unit Price Adjustments
We set Expected Growth Rates (EGRs); these are yearly rates a customer's investment will normally grow at. They reflect our view of how we expect the underlying assets of PruFunds to perform over the long term (up to 15 years) and the longer a customer stays invested, the better their chances of receiving returns in line with these expectations.
Each PruFund has its own EGR, and a customer's investment will normally grow daily by the relevant EGR, through an increase in the price of the units they hold (known as the Smoothed Price). Although we take a long-term view, we do review the rates every three months to allow for any changes, which may mean a change in EGR on a quarterly basis, up or down.
PruFunds’ quarter dates are: 25 February, 25 May, 25 August & 25 November (or the next working day if the quarter date is a weekend or Bank Holiday).
The table below shows the current and historic EGR and Unit Price Adjustments (UPA), correct as at 25 February 2025 (unless otherwise indicated).
| PruFund Investment Plan (Mark 1) | Expected Growth Rate (%) | Historic Expected Growth Rate | Historic Unit Price Adjustments | ||||
|---|---|---|---|---|---|---|---|
| From | To | EGR (%) | Date | Type Of Adjustment | UPA (%) | ||
| PruFund Growth & Income Fund | 5.70 | 27-08-2024 | Present | 5.70 | 27-02-2024 | End | +0.90* |
| 25-05-2023 | 26-08-2024 | 6.10 | 25-08-2023 | End | -2.66 | ||
| 25-11-2022 | 24-05-2023 | 5.70 | 25-05-2023 | End | -3.17 | ||
| 25-08-2022 | 24-11-2022 | 5.10 | 28-02-2023 | End | +0.90* | ||
| 25-02-2022 | 24-08-2022 | 4.60 | 25-11-2022 | End | -3.01 | ||
| 26-05-2020 | 24-02-2022 | 4.30 | 28-02-2022 | End | +1.25* | ||
| 27-08-2019 | 25-05-2020 | 4.60 | 25-08-2021 | End | +3.99# | ||
| 25-08-2016 | 26-08-2019 | 4.80 | 25-05-2021 | End | +2.52 | ||
| 25-05-2016 | 24-08-2016 | 5.20 | 25-11-2020 | End | +2.54 | ||
| 25-02-2016 | 24-05-2016 | 5.60 | 25-08-2020 | End | +2.69 | ||
| 25-02-2015 | 24-02-2016 | 5.70 | 23-03-2020 | Mid | -8.82 | ||
| 25-11-2014 | 24-02-2015 | 5.50 | 26-02-2020 | End | +0.90* | ||
| 26-11-2012 | 24-11-2014 | 5.90 | 25-08-2017 | End | +2.69 | ||
| 26-11-2009 | 25-11-2012 | 6.30 | 25-11-2014 | End | +2.50 | ||
| 26-02-2006 | 25-11-2009 | 6.40 | 25-02-2013 | End | +2.62 | ||
| 25-11-2004 | 25-02-2006 | 6.25 | 25-02-2011 | End | +2.76 | ||
| 25-08-2010 | End | +2.74 | |||||
| 25-11-2009 | End | +3.62 | |||||
| 25-08-2009 | End | +3.25 | |||||
| 25-02-2009 | End | -4.02 | |||||
| 25-11-2008 | End | -3.80 | |||||
| 08-10-2008 | Mid | -9.30 | |||||
| 26-08-2008 | End | -3.24 | |||||
| 26-02-2007 | End | +2.75 | |||||
| 27-02-2006 | End | +3.66 | |||||
| 25-08-2005 | End | +2.60 | |||||
| PruFund Growth Fund | 6.00 | 27-08-2024 | Present | 6.00 | 27-02-2024 | End | +0.90* |
| 25-05-2023 | 26-08-2024 | 6.40 | 25-08-2023 | End | -2.85 | ||
| 25-11-2022 | 24-05-2023 | 6.00 | 25-05-2023 | End | -3.36 | ||
| 25-08-2022 | 24-11-2022 | 5.40 | 28-02-2023 | End | +0.90* | ||
| 25-02-2022 | 24-08-2022 | 4.90 | 28-02-2022 | End | +1.25* | ||
| 26-05-2020 | 24-02-2022 | 4.70 | 25-08-2021 | End | +5.06# | ||
| 27-08-2019 | 25-05-2020 | 4.90 | 25-05-2021 | End | +3.56 | ||
| 25-08-2016 | 26-08-2019 | 5.10 | 25-11-2020 | End | +2.72 | ||
| 25-05-2016 | 24-08-2016 | 5.50 | 25-08-2020 | End | +2.69 | ||
| 25-02-2016 | 24-05-2016 | 5.90 | 19-03-2020 | Mid | -9.54 | ||
| 25-11-2014 | 24-02-2016 | 6.00 | 26-02-2020 | End | +0.90* | ||
| 27-05-2014 | 24-11-2014 | 6.40 | 27-02-2017 | End | +3.18 | ||
| 26-11-2012 | 26-05-2014 | 6.20 | 25-02-2015 | End | +2.69 | ||
| 26-11-2009 | 25-11-2012 | 6.60 | 25-02-2011 | End | +2.63 | ||
| 26-05-2009 | 25-11-2009 | 6.70 | 25-11-2010 | End | +3.86 | ||
| 26-02-2006 | 25-05-2009 | 6.85 | 25-11-2009 | End | +3.54 | ||
| 25-11-2004 | 25-02-2006 | 6.60 | 25-08-2009 | End | +3.26 | ||
| 25-02-2009 | End | -4.00 | |||||
| 23-11-2008 | Mid | -8.26 | |||||
| 06-10-2008 | Mid | -8.20 | |||||
| 26-08-2008 | End | -3.96 | |||||
| 26-02-2007 | End | +3.26 | |||||
| 27-02-2006 | End | +3.42 | |||||
| 25-11-2005 | End | +3.14 | |||||
| 25-08-2005 | End | +3.18 | |||||
Important Information
#This is a Unit Price Reset, to reset the Unit Price to the Unsmoothed Price.
*This is a special Unit Price Adjustment which allows for the additional money we’ve already shared. This has no impact on the smoothing process.
Past performance is not an indicator of future performance. Remember that the value of an investment can go down as well as up, your client may not get back what they paid in.
The Expected Growth Rates set at each quarter date may be higher, the same or lower than those applying at the start of the investment.
In addition, there may be times where the unit price may be adjusted which will impact any growth that clients may receive. The overall return achieved on any plan is affected by the amount of the investment, investment performance, the period over which the plan has been invested and the charges applicable to the plan.
We may decide to reset the smoothed price of a PruFund fund on a particular day, to protect our With-Profits Fund and therefore the interests of all our With-profits policyholders. This is not expected to happen often, and is only expected to be used in highly unusual circumstances.
If we decide to reset, the smoothed price of the affected fund would be adjusted to be the same value as the unsmoothed price on that working day. That adjusted smoothed price will then continue to grow in line with the Expected Growth Rate from the working day after this reset of the smoothed price. This is referred to as a Unit Price Reset in our literature.
There may be occasions where we have to suspend the smoothing process for one or more PruFund funds for a period of consecutive days, to protect our With-Profits Fund and therefore the interests of all our With-profits policyholders. This is not expected to happen often, and is only expected to be used in highly unusual circumstances. When this happens the smoothed price for the affected fund(s) is set to the unsmoothed price for each day until we reinstate the smoothing process.
You should refer to Key Features or Terms & Conditions of your client's plan for more information on how the Expected Growth Rates work.
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