| Name of Lifestyle Option before the change | Name of Lifestyle Option after the change |
|---|---|
| Prudential Dynamic Growth IV Targeting Annuity | Prudential Dynamic Growth Targeting Annuity |
| Prudential Dynamic Growth IV Targeting Cash | Prudential Dynamic Growth Targeting Cash |
| Prudential Dynamic Growth IV Targeting Drawdown | Prudential Dynamic Growth Targeting Drawdown |
| Prudential Dynamic Growth IV Targeting Retirement Options | Prudential Dynamic Growth Targeting Retirement Options |
Updates to our Workplace Pension funds
From August 2024, we added the Prudential Dynamic Growth V (PDG V) Fund into the Prudential Dynamic Growth IV (PDG IV) Lifestyle Options.
This change impacted members at different times, depending on which PDG IV Lifestyle Option they were invested in.
Members who were less than 15 years from retirement weren't impacted.
We also made a slight change to the name of the PDG IV Lifestyle Options. See below.
We’ve closed the Prudential UK Smaller Companies fund and moved members' money to the Prudential UK Equity fund with effect from 19 November 2024.
We’ve also redirected any future contributions due to be paid to the Prudential UK Smaller Companies fund into the Prudential UK Equity fund.
| Closing fund | Alternative fund |
|---|---|
| Prudential UK Smaller Companies | Prudential UK Equity |
We’ve chosen the Prudential UK Equity fund from our current fund range as the alternative fund as it has the most similar investment objectives to the fund we've closed.
| Closing fund | Alternative fund | Date of closure |
|---|---|---|
| Baillie Gifford Sustainable Growth | Prudential M&G Positive Impact | 11 March 2024 |
| Baillie Gifford Diversified Growth | Prudential Dynamic Growth II | 11 March 2024 |
| Prudential Threadneedle Property S3 fund | Prudential Dynamic Growth I S3 (PDGI) | 19 January 2022 |
| Prudential UK Property S3 | Prudential Dynamic Growth I S3, or an alternative fund selected by an individual member or scheme. | 22 June 2021 |
| Prudential UK Property S1 | Trustees of each individual scheme chose the alternative fund for the scheme and notified their members.Where trustees did not choose an alternative we moved members’ investments to the Prudential Discretionary S1 fund | 3 June 2021 |
| Prudential Threadneedle Adventurous Pathway | Prudential Dynamic Global Equity Passive | 25 January 2021 |
| Prudential Threadneedle Balanced Pathway | Prudential Dynamic Growth V | 25 January 2021 |
| Prudential Threadneedle Cautious Pathway | Prudential Dynamic Growth III | 25 January 2021 |
| Prudential Threadneedle European Equity | Prudential Europe Equity Passive | 25 January 2021 |
| Prudential Threadneedle UK Equity High Alpha | Prudential UK Equity | 25 January 2021 |
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