PruFund range of funds |
More about the PruFund range of funds |
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Risk Managed Active Funds |
More about the Risk Managed Active Funds |
Risk Managed Passive Funds |
More about the Risk Managed Passive Funds |
Additional funds |
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Our Prudential Investment Plan is an investment bond that lets your clients invest their money in a range of different funds. The plan aims to grow the value of their investment over the medium to long term (5-10 years).
Your clients can start with a single payment and can then make additional lump sum payments if they want to.
Withdrawals can be made, and they can cash in their plan at any time.
Owner:
Life assured:
If your client would like to invest more, please contact your Account Manager.
Your clients can:
The maximum level of regular withdrawals during any 12 month period is the greater of:
Your client can take up to 5% of their initial investment and any additional investments as a tax-deferred withdrawal each year. Anything above this may be liable to immediate Income Tax. Your client might need to pay tax depending on their circumstances and the options they choose. Tax rules can also change in the future.
All withdrawals are subject to a minimum withdrawal payment of £50.
Download the Key Features document for more information.
See Key Information Documents below.
There is a wide range of investments for your clients to choose from with access to Prudential’s Multi-Asset Fund range, including the established PruFund range of funds. See the Prudential Investment Plan fund guide for more details on the funds available.
PruFund range of funds |
More about the PruFund range of funds |
---|---|
Risk Managed Active Funds |
More about the Risk Managed Active Funds |
Risk Managed Passive Funds |
More about the Risk Managed Passive Funds |
Additional funds |
|
We announce the Expected Growth Rates that apply to the PruFund Range of Funds every quarter.
Find out more about our Expected Growth Rates, Historic Expected Growth Rates or Unit Price Adjustments for the PruFund range of funds.
The PruFund Protected Growth Fund is currently unavailable to new investments.
We offer guarantees for PruFund Protected Cautious Fund and PruFund Protected Growth Fund. At the end of the selected guarantee term the fund will be worth at least the amount your client invested (subject to charges, enhancements or withdrawals).
Please see The PruFund Range of Funds: Guarantee Options for more details.
We take an Annual Management Charge for looking after your investment.
There are other costs which aren't covered by the Annual Management Charge. These can include, for example, maintenance costs for property investments and costs associated with investing in infrastructure, such as utilities, transport and renewable energy. These can vary over time.
Further information on the charges and costs for each fund can be found in the appropriate Key Information Document and Investment Options Documents linked to at the top of this page. The Prudential Investment Plan fund guide also includes information on fund charges and costs.
We offer Fund Size Discounts on the Annual Management Charge which apply to the whole investment, not just the portion above the threshold levels shown below.
Assets Under Management (£) |
Fund Size Discount From Annual Management Charge (%) |
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<24,999 | 0.30 |
25,000-49,999 | 0.35 |
50,000-99,999 |
0.40 |
100,000-249,999 |
0.45 |
250,000-499,999 |
0.475 |
500,000-999,999 |
0.50 |
1,000,000-1,749,999 |
0.525 |
1,750,000-2,999,999 |
0.55 |
3,000,000+ |
0.575 |
Your clients can switch funds at any time, but can only invest in 10 funds at any time. We currently don’t charge for switching, but if this changes in the future, we’ll inform your clients.
The minimum amount your clients can switch is £500. If they’re not switching the full value of their investment from a particular fund, they must leave at least £500 in that fund.
Further details on fund switching can be found in the Fast Facts.
The PruFund Protected Growth Fund is currently unavailable to new investments.
We offer guarantee terms for both PruFund Protected Cautious Fund and PruFund Protected Growth Fund, where the guarantee will only apply at the end of the selected guarantee term (the guarantee date) providing your client doesn’t switch out of the funds.
Once the guarantee term has been selected, the charge will remain fixed throughout the guarantee term. The guarantee will only apply at the end of the selected guarantee term.
More details about charges can be found in The PruFund Range of Funds: Guarantee Options.
The level and shape of Adviser Charging is agreed between you and your client.
There are three types of Adviser Charges:
Ongoing and ad hoc Adviser Charges affect the 5% annual withdrawal limit for Income Tax purposes.
Find out more about Adviser Charging in the Fast Facts document for the Prudential Investment Plan.