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PruFund Investment Plan Mark 3

Contents

  1. What is the PruFund Fund Investment Plan Mark 3?
  2. What are the PruFund Funds?
  3. What might I get back?
  4. Where can I get more information on this product?
  5. Can I top up my plan?
  6. Can money be taken out of my plan?
  7. Where can I find out the charges and costs for my plan?
  8. How do I know how my plan is doing?
  9. Next steps

Thanks for choosing to invest in our PruFund Investment Plan Mark 3.

We’ve put some questions together which we think might be helpful to you. If there’s any questions that aren’t covered, or if you’d like to make changes, get in touch with us using the contact details below.

What is the PruFund Fund Investment Plan Mark 3?

The PruFund Investment Plan Mark 3 is a single premium investment plan that allows you to:

  • grow your investment over the medium to long term (5 to 10 years or more),
  • choose from a range of PruFund Funds,
  • take tax efficient withdrawals and,
  • take partial or regular withdrawals.

The plan also provides a small amount of life cover.

Because tax rules can change, the impact of taxation (and any tax relief) depends on your circumstances.

What are the PruFund Funds?

The PruFund range is designed to spread the investment risk by investing in many different assets, managed by the investment expertise of the M&G Life Investment Office (LIO), includes the team formerly known as Prudential Portfolio Management Group (PPMG).

You can choose to invest in up to five of the following PruFund Funds:

  • PruFund Risk Managed 1 Fund
  • PruFund Risk Managed 2 Fund
  • PruFund Risk Managed 3 Fund
  • PruFund Risk Managed 4 Fund
  • PruFund Risk Managed 5 Fund
  • PruFund Growth Fund
  • PruFund Cautious Fund
  • PruFund Protected Cautious Fund
     

Our dedicated page on the PruFund Range of Funds will give you more information on these, or in the Fund Guide

The PruFund Protected Growth Fund is currently unavailable to new investments.

More information on the guarantees can be found in The PruFund Range of Funds: Guarantees Options flyer.

What might I get back?

What you get backs depends on a number of different things including the investment performance.

The value of your investment can go down as well as up and the value in the future may be less than the amount you invested.

For the range of PruFund funds, what you receive will depend on the value of the underlying investments, the Expected Growth Rates as set by the Prudential Directors, our charges, the smoothing process, if there is a guarantee and when you take your money out.

Where can I get more information on this product?

You can find out more in your Key Features Document

This is available from your adviser or directly from us, our contact details can be found below.

Can I top up my plan?

You may be able to top up your plan, but to confirm you'll need to contact us.

If you’re thinking of making changes to your plan, including adding more money, we recommend you get financial advice to help you make decisions. If you don’t have a financial adviser, you can find one at unbiased.co.uk

Can money be taken out of my plan?

Yes, you can take single and regular withdrawals from your plan at any time, as long as each withdrawal is over £50. You can find more information in your Key Features Document

Where can I find out the charges and costs for my plan?

How our charges and costs affect your plan are shown in your illustration. You can also find more information on the charges and costs in our Investment Option Documents.

How do I know how my plan is doing?

We’ll send you an annual statement. You can also get an up-to-date valuation by contacting us using the number below.

Next steps

If you’re thinking of making changes to your plan, including adding more money, we always recommend you speak to your financial adviser. They can help you understand if making changes is right for you and fits with your aims and circumstances. If you don’t have a financial adviser, you can find one at unbiased.co.uk

Using an adviser means the Financial Ombudsman Service offers you protection against the advice they give you. If you go ahead without advice, you’ll be taking responsibility for your own choices and how your money is invested. Whether you get advice or not, if you feel you haven’t been treated fairly, you can refer any matter to the Financial Ombudsman Service. They help settle individual disputes between consumers and businesses providing financial services.

Contact us

Call us on 0345 640 3000.

Lines are open Monday to Friday, 08:00 - 18:00.

We may record your call for training and quality purposes. To learn how we use your personal data, visit the My Data page.