Discounted Gift Trust (DGT) New Business update

DGT new business support:

Tele-underwriting is available
Where Tele-underwriting is not suitable, we'll revert back to the standard process existing before COVID 19, where we'll request a GP report and underwrite on that basis.
Interim underwriting can be completed based on the information in a declaration of health, if it provides sufficient information.
DGTs can be set up on a nil discount basis - but this option is designed for those cases where the health of the client is sufficiently poor that a discount is not expected. No underwriting is done for these cases, or it is a decline. These discounts are not re-visited.

Please also note that the cancellation period of the underlying bond remains the same – the bond can’t be cancelled even if a final discount is different or declined.

"Prudential" is a trading name of Prudential Distribution Limited. Prudential Distribution Limited is registered in Scotland. Registered Office at 5 Central Way, Kildean Business Park, Stirling, FK8 1FT. Registered number SC212640. Authorised and regulated by the Financial Conduct Authority. Prudential Distribution Limited is part of the same corporate group as the Prudential Assurance Company Limited. The Prudential Assurance Company Limited and Prudential Distribution Limited are direct/indirect subsidiaries of M&G plc which is a holding company registered in England and Wales with registered number 11444019 and registered office at 10 Fenchurch Avenue, London EC3M 5AG, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority. These companies are not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.