Updates to our Workplace Pension funds
We update our funds from time to time. You'll find information on the latest changes below.
Closure of the Prudential UK Property S1 & S3 funds
The Prudential UK Property S1 & S3 funds (the “property funds”) have now closed.
We announced in late April/early May 2021 the closure of the property funds. This included full details of the closure, the version of the fund, the closure date and how this would affect policy holders and their investments - including the options available to them.
The property funds have now been closed - all investments and contributions have been re-allocated.
Closing fund |
Alternative fund |
|---|---|
Prudential UK Property S1 |
Trustees of each individual scheme chose the alternative fund for the scheme and notified their members. |
Prudential UK Property S3 |
Prudential Dynamic Growth I S3, or an alternative fund selected by an individual member or scheme. |
You can read more about this on our dedicated property closure page.
Closing fund |
Alternative fund |
Date of Closure |
|---|---|---|
Prudential Threadneedle Property S3 fund |
19 January 2022 |
|
Prudential Threadneedle Adventurous Pathway |
25 January 2021 |
|
Prudential Threadneedle Balanced Pathway |
25 January 2021 |
|
Prudential Threadneedle Cautious Pathway |
25 January 2021 |
|
Prudential Threadneedle European Equity |
25 January 2021 |
|
Prudential Threadneedle UK Equity High Alpha |
25 January 2021 |
Closing fund |
Alternative fund |
Date of Closure |
|---|---|---|
BlackRock Aquila (50:50) Global Equity Index |
26 March 2020 |
|
BlackRock Aquila (60:40) Global Equity Index |
26 March 2020 |
|
BlackRock Aquila (30:70) Currency Hedged Global Equity Index |
26 March 2020 |
|
Prudential Global Equity Passive |
26 March 2020 |
|
BlackRock Aquila (40:60) Global Equity |
26 March 2020 |
|
Aberdeen Life Multi-Asset |
20 February 2020 |
|
BNY Mellon UK Equity-formerly Prudential Newton UK Equity |
20 February 2020 |
|
BlackRock Ascent European Equity |
20 February 2020 |
|
Prudential Absolute Return |
20 February 2020 |
|
BlackRock Aquila Market Advantage |
20 February 2020 |
|
BlackRock Aquila Sterling Government Liquidity |
20 February 2020 |
|
Prudential Ethical |
20 February 2020 |
|
M&G Recovery |
21 November 2019 |
|
M&G Total Return Credit Investment |
21 November 2019 |
|
Schroder Dynamic Multi Asset |
21 November 2019 |
|
Schroder QEP Global Core |
21 November 2019 |
|
The Prudential International Bond Fund was originally included in the list of closures on 20 February. The closure of this fund has been postponed and it remains open to existing investors. We have contacted members invested in this fund to tell them about the change. |
||
These are shown below
Fund |
Launch date |
|---|---|
20 February 2020 |
|
26 March 2020 |
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"Prudential" is a trading name of Prudential Distribution Limited. Prudential Distribution Limited is registered in Scotland. Registered Office at Craigforth, Stirling FK9 4UE. 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.