Pension and Investment fund updates

The investment strategy of the fund is to provide medium to long-term growth (the combination of income and growth of capital) by investing mainly in a broad spread of collective investment schemes. The fund will typically have exposure to a range of asset types, including UK and overseas equities, fixed interest and commercial property.

The investment strategy of the fund is to provide medium to long-term growth (the combination of income and growth of capital over 5 to 10 years or more) by investing mainly in a broad spread of collective investment schemes. The fund will have exposure to a range of asset classes, including equities, bonds, property, alternative assets and other asset types. Derivative instruments may be used for efficient portfolio management.

The investment strategy of the fund is to provide medium to long-term growth (the combination of income and growth of capital) by investing mainly in a broad spread of collective investment schemes. The fund will typically have exposure to a range of asset types, including UK and overseas equities, fixed interest and commercial property.

The investment strategy of the fund is to provide medium to long-term growth (the combination of income and growth of capital over 5 to 10 years or more) by investing mainly in a broad spread of collective investment schemes. The fund will have exposure to a range of asset classes, including equities, bonds, property, alternative assets and other asset types. Derivative instruments may be used for efficient portfolio management.

The investment strategy of the fund is to provide medium to long-term growth (the combination of income and growth of capital) by investing mainly in a broad spread of collective investment schemes. The fund will typically have exposure to a range of asset types, including UK and overseas equities, fixed interest and commercial property.

The investment strategy of the fund is to provide medium to long-term growth (the combination of income and growth of capital over 5 to 10 years or more) by investing mainly in a broad spread of collective investment schemes. The fund will have exposure to a range of asset classes, including equities, bonds, property, alternative assets and other asset types. Derivative instruments may be used for efficient portfolio management.

The investment strategy of the fund is to provide medium to long-term growth (the combination of income and growth of capital) by investing mainly in a broad spread of collective investment schemes. The fund will typically have exposure to a range of asset types, including UK and overseas equities, fixed interest and commercial property.

The investment strategy of the fund is to provide medium to long-term growth (the combination of income and growth of capital over 5 to 10 years or more) by investing mainly in a broad spread of collective investment schemes. The fund will have exposure to a range of asset classes, including equities, bonds, property, alternative assets and other asset types. Derivative instruments may be used for efficient portfolio management.

The investment strategy of the fund is to provide medium to long-term growth (the combination of income and growth of capital) by investing mainly in a broad spread of collective investment schemes. The fund will typically have exposure to a range of asset types, including UK and overseas equities, fixed interest and commercial property.

The investment strategy of the fund is to provide medium to long-term growth (the combination of income and growth of capital over 5 to 10 years or more) by investing mainly in a broad spread of collective investment schemes. The fund will have exposure to a range of asset classes, including equities, bonds, property, alternative assets and other asset types. Derivative instruments may be used for efficient portfolio management.

The investment strategy of the fund is to provide medium to long-term growth (5 to 10 years or more) by investing in a well-diversified and balanced spread of world equity markets including UK, Europe, North America, Asia-Pacific, Emerging Markets and other regions. The geographic split of assets is reviewed regularly and is achieved predominantly through investment in collective investment schemes. The balanced spread of equity markets, and the associated performance the fund generates, may differ from other global equity funds that could be more closely aligned to global equity index benchmarks.

The investment strategy of the fund is to provide medium to long-term growth (5 to 10 years or more) by investing in a well-diversified and balanced spread of world equity markets including UK, Europe, North America, Asia-Pacific, Emerging Markets and other regions. The geographic split of assets is reviewed regularly and is achieved predominantly through investment in collective investment schemes. The balanced spread of equity markets, and the associated performance the fund generates, may differ from other global equity funds that could be more closely aligned to global equity index benchmarks. Derivative instruments may be used for efficient portfolio management.

The investment strategy of the fund is to provide medium to long-term growth (5 to 10 years or more) by investing in a well-diversified and balanced spread of world equity markets including UK, Europe, North America, Asia-Pacific, Emerging Markets and other regions. The geographic split of assets is reviewed regularly and is achieved predominantly through investment in collective investment schemes. The balanced spread of equity markets, and the associated performance the fund generates, may differ from other global equity funds that could be more closely aligned to global equity index benchmarks.

The investment strategy of the fund is to provide medium to long-term growth (5 to 10 years or more) by investing in a well-diversified and balanced spread of world equity markets including UK, Europe, North America, Asia-Pacific, Emerging Markets and other regions. The geographic split of assets is reviewed regularly and is achieved predominantly through investment in collective investment schemes. The balanced spread of equity markets, and the associated performance the fund generates, may differ from other global equity funds that could be more closely aligned to global equity index benchmarks. Derivative instruments may be used for efficient portfolio management.

The investment strategy of the fund is to provide long term growth (the combination of income and growth of capital) by investing mainly in a spread of equity markets throughout the world, predominantly through collective investment schemes.

The investment strategy of the fund is to provide medium to long term growth (the combination of income and growth of capital over 5 to 10 years or more) by investing mainly in a spread of equity markets throughout the world, predominantly through collective investment schemes. Derivative instruments may be used for efficient portfolio management.

The investment strategy of the fund is to deliver capital growth and produce a regular income over the longer term by investing mainly in sterling denominated equities, bonds and property via collective investment schemes.

The investment strategy of the fund is to deliver capital growth and produce a regular income over the longer term by investing mainly in a broad spread of collective investment schemes. The fund will have exposure to a range of asset classes, including at least 80% in sterling denominated equities, property and bonds with the remainder in overseas property, overseas bonds, alternative assets and other asset types. Derivative instruments may be used for efficient portfolio management.

The investment strategy of the fund is to provide income with the potential for capital growth by investing in a number of collective investment schemes. The fund will typically have exposure to a range of asset types, including UK equities, sterling denominated Corporate Bonds and commercial property.

The investment strategy of the fund is to provide income with the potential for capital growth by investing mainly in a broad spread of collective investment schemes. The fund will have exposure to a range of asset classes, including at least 80% in sterling denominated equities, property and bonds with the remainder in overseas property, overseas bonds, alternative assets and other asset types. Derivative instruments may be used for efficient portfolio management.

The Investment strategy of the fund is to deliver long term growth (the combination of income and capital growth) by investing mainly in sterling denominated equities, bonds and property via collective investment schemes.

The investment strategy of the fund is to provide medium to long-term growth (the combination of income and growth of capital over 5 to 10 years or more) by investing mainly in a broad spread of collective investment schemes. The fund will have exposure to a range of asset classes, including at least 80% in sterling denominated equities, property and bonds with the remainder in overseas property, overseas bonds, alternative assets and other asset types. Derivative instruments may be used for efficient portfolio management.

The investment strategy of the fund is to provide a regular income, whilst achieving long-term growth and seeking to limit capital volatility by investing mainly in assets such as bonds, property and UK equities via collective investment schemes. No more than 35% of the fund will be invested in equities at any time.

The investment strategy of the fund is to provide a regular income, whilst achieving long-term growth and seeking to limit capital volatility by investing mainly in a broad spread of collective investment schemes. The fund will have exposure to a range of asset classes, including equity, bonds, property and alternative assets. No more than 35% of the fund will be invested in equities at any time. Derivative instruments may be used for efficient portfolio management.

The investment strategy of the fund is to provide long term growth (the combination of income and capital growth) by investing mainly in UK equities and sterling denominated Corporate Bonds via collective investment schemes.

The investment strategy of the fund is to provide a regular income, whilst achieving long-term growth and seeking to limit capital volatility by investing mainly in a broad spread of collective investment schemes. The fund will have exposure to a range of asset classes, including equity, bonds, property and alternative assets. No more than 35% of the fund will be invested in equities at any time. Derivative instruments may be used for efficient portfolio management.

Prudential UK Equity and Bond Pension Fund

The investment strategy of the fund is to provide long term growth (the combination of income and capital growth) by investing mainly in UK equities and sterling denominated Corporate Bonds via collective investment schemes.

The investment strategy of the fund is to provide medium to long-term growth (the combination of income and growth of capital over 5 to 10 years or more) by investing mainly in a broad spread of collective investment schemes. The fund will have exposure to a range of asset types, including at least 90% in UK equities and sterling denominated bonds, with the remainder in overseas bonds, alternative assets and other asset classes. Derivative instruments may be used for efficient portfolio management.

Prudential High Yield Distribution (ex M&G)

The investment strategy of the fund is to provide an above-average income. The fund is based on distribution units whereby the net income is used to increase the number of units allocated. The fund invests mainly in UK equities and sterling denominated Corporate Bonds via collective investment schemes.

The investment strategy of the fund is to provide an above average level of income by investing mainly in a broad spread of collective investment schemes. The fund will have exposure to a range of asset classes, including at least 80% in UK equities and sterling denominated bonds, with the remainder in overseas bonds, alternative assets and other asset types. Derivative instruments may be used for efficient portfolio management.

The investment strategy of the fund is to provide income with the potential for capital growth by investing in UK Equities and Corporate Bonds.

The investment strategy of the fund is to provide income with the potential for capital growth over the long-term by investing mainly in a broad spread of collective investment schemes. The fund will have exposure to a range of asset classes, including at least 80% in UK equities and sterling denominated bonds, with the remainder in overseas bonds, alternative assets and other asset types. Derivative instruments may be used for efficient portfolio management.

The investment strategy of the fund is to provide a combination of income and capital growth by investing in a mixed portfolio of mainly UK and overseas equities, sterling Denominated Corporate Bonds and Gilts. The fund is an actively managed fund of funds, investing in collective investment schemes. The fund may also hold cash deposits depending on the investment conditions.

The investment strategy of the fund is to provide a combination of income and capital growth by investing mainly in a broad spread of collective investment schemes. The fund will have exposure to a range of asset classes, including at least 80% in UK and overseas equities and sterling denominated bonds, with the remainder in overseas bonds, alternative assets and other asset types. Derivative instruments may be used for efficient portfolio management.

Prudential FRIA Stewart Investors Asia Pacific Leaders Sustainability

The fund aims for steady and consistent growth over the medium to long term (5 to 10 years or more) through a cautious approach to investing. The fund invests in UK and international equities, property, fixed interest securities, index-linked securities, cash and other specialist investments. The fund will aim to invest 50-75% in fixed interest securities, index-linked securities and cash, although we may occasionally move outside this range to meet the fund objectives.

The fund aims to produce growth over the medium to long term (5 to 10 years or more) using a cautious approach to investing while smoothing some of the ups and downs of short-term investment performance. The fund spreads investment risk by investing in a range of different asset types, which currently includes UK and international equities, property, fixed interest securities, index-linked securities, cash and other specialist investments. The cautious approach to investment means the fund aims to invest 50-75% in fixed interest securities, index-linked securities and cash, although we may occasionally move outside this range to meet the fund objectives.

This fund aims to produce medium to long-term growth and generate income. The fund currently invests in UK and international equities, property, fixed interest securities, index-linked securities and other specialist investments.

This fund aims to produce growth and generate income over the medium to long-term (5 to 10 years or more) while smoothing some of the ups and downs of short-term investment performance. The fund spreads investment risk by investing in a range of different asset types, which currently includes UK and international equities, property, fixed interest securities, index-linked securities and other specialist investments.

The fund aims to maximise growth over the medium to long-term by investing in shares, property, fixed interest and other investments. The fund currently invests in UK and international equities, property, fixed interest securities, index-linked securities and other specialist investments.

The fund aims to produce growth over the medium to long-term (5 to 10 years or more) while smoothing some of the ups and downs of short-term investment performance. The fund spreads investment risk by investing in a range of different asset types, which currently includes UK and international equities, property, fixed interest securities, index-linked securities and other specialist investments.

The fund aims to achieve long-term total return (the combination of income and growth of capital). The fund is actively managed and aims to limit the fluctuations ('volatility') your investment experiences, after allowing for smoothing, to 9% per annum over the medium to long-term. There is no guarantee that the fund will achieve its objective of managing the volatility to the target level.

The fund aims to produce growth over the medium to long-term (5 to 10 years or more) while smoothing some of the ups and downs of short-term investment performance. The fund spreads investment risk by investing in a range of different asset types, which currently includes UK and international equities, property, fixed interest securities, index-linked securities and other specialist investments. The fund is actively managed and aims to limit the fluctuations ('volatility') the fund experiences, to 9% per annum (before smoothing). There is no guarantee that the fund will achieve its objective of managing the volatility below this limit.

The fund aims to achieve long-term total return (the combination of income and growth of capital). The fund is actively managed and aims to limit the fluctuations ('volatility') your investment experiences, after allowing for smoothing, to 10% per annum over the medium to long-term. There is no guarantee that the fund will achieve its objective of managing the volatility to the target level.

The fund aims to produce growth over the medium to long-term (5 to 10 years or more) while smoothing some of the ups and downs of short-term investment performance. The fund spreads investment risk by investing in a range of different asset types, which currently includes UK and international equities, property, fixed interest securities, index-linked securities and other specialist investments. The fund is actively managed and aims to limit the fluctuations ('volatility') the fund experiences, to 10% per annum (before smoothing). There is no guarantee that the fund will achieve its objective of managing the volatility below this limit.

The fund aims to achieve long-term total return (the combination of income and growth of capital). The fund is actively managed and aims to limit the fluctuations ('volatility') your investment experiences, after allowing for smoothing, to 12% per annum over the medium to long-term. There is no guarantee that the fund will achieve its objective of managing the volatility to the target level.

The fund aims to produce growth over the medium to long-term (5 to 10 years or more) while smoothing some of the ups and downs of short-term investment performance. The fund spreads investment risk by investing in a range of different asset types, which currently includes UK and international equities, property, fixed interest securities, index-linked securities and other specialist investments. The fund is actively managed and aims to limit the fluctuations ('volatility') the fund experiences, to 12% per annum (before smoothing). There is no guarantee that the fund will achieve its objective of managing the volatility below this limit.

The fund aims to achieve long-term total return (the combination of income and growth of capital). The fund is actively managed and aims to limit the fluctuations ('volatility') your investment experiences, after allowing for smoothing, to 14.5% per annum over the medium to long-term. There is no guarantee that the fund will achieve its objective of managing the volatility to the target level.

The fund aims to produce growth over the medium to long-term (5 to 10 years or more) while smoothing some of the ups and downs of short-term investment performance. The fund spreads investment risk by investing in a range of different asset types, which currently includes UK and international equities, property, fixed interest securities, index-linked securities and other specialist investments. The fund is actively managed and aims to limit the fluctuations ('volatility') the fund experiences, to 14.5% per annum (before smoothing). There is no guarantee that the fund will achieve its objective of managing the volatility below this limit.

The fund aims to achieve long-term total return (the combination of income and growth of capital). The fund is actively managed and aims to limit the fluctuations ('volatility') your investment experiences, after allowing for smoothing, to 17% per annum over the medium to long-term. There is no guarantee that the fund will achieve its objective of managing the volatility to the target level.

The fund aims to produce growth over the medium to long-term (5 to 10 years or more) while smoothing some of the ups and downs of short-term investment performance. The fund spreads investment risk by investing in a range of different asset types, which currently includes UK and international equities, property, fixed interest securities, index-linked securities and other specialist investments. The fund is actively managed and aims to limit the fluctuations ('volatility') the fund experiences, to 17% per annum (before smoothing). There is no guarantee that the fund will achieve its objective of managing the volatility below this limit.

The fund aims to achieve a total return from income and capital over the long-term (at least 5-10 years). It also aims to deliver positive environmental and societal outcomes in addition to financial returns. There are three categories of outcome; 1. Mitigating Environmental, Social and Governance (ESG) risks and minimising negative outcomes 2. Pursuing Environmental, Social and Governance (ESG) opportunities 3. Investing in positive outcomes for disadvantaged groups or stakeholders. PruFund Planet funds are invested in a range of equities, bonds, property, alternative investments and cash. This gives you the advantage of a well-balanced mix of investments with some smoothing of investment returns. The fund aims to limit the fluctuations (volatility) your investment experiences, after allowing for smoothing, to 9% per annum. There is no guarantee the fund will achieve its objective of managing the volatility to the target level.

The fund aims to produce growth over the medium to long-term (5 to 10 years or more) while smoothing some of the ups and downs of short-term investment performance. The fund spreads investment risk by investing in a range of different asset types, which currently includes UK and international equities, property, fixed interest securities, index-linked securities and other specialist investments. The fund is actively managed and aims to limit the fluctuations (‘volatility’) the fund experiences to 9% per annum (before smoothing). There is no guarantee the fund will achieve its objective of managing the volatility below this limit. In addition to generating financial returns most of the underlying funds apply at least one of the three ESG investing approaches: 1. Mitigating Environmental, Social and Governance risks and minimising negative outcomes 2. Pursuing Environmental, Social and Governance opportunities 3. Focussing on addressing environmental and social issues.

The fund aims to achieve a total return from income and capital over the long-term (at least 5-10 years). It also aims to deliver positive environmental and societal outcomes in addition to financial returns. There are three categories of outcome; 1. Mitigating Environmental, Social and Governance (ESG) risks and minimising negative outcomes 2. Pursuing Environmental, Social and Governance (ESG) opportunities 3. Investing in positive outcomes for disadvantaged groups or stakeholders. PruFund Planet funds are invested in a range of equities, bonds, property, alternative investments and cash. This gives you the advantage of a well-balanced mix of investments with some smoothing of investment returns. The fund aims to limit the fluctuations (volatility) your investment experiences, after allowing for smoothing, to 10% per annum. There is no guarantee the fund will achieve its objective of managing the volatility to the target level.

The fund aims to produce growth over the medium to long-term (5 to 10 years or more) while smoothing some of the ups and downs of short-term investment performance. The fund spreads investment risk by investing in a range of different asset types, which currently includes UK and international equities, property, fixed interest securities, index-linked securities and other specialist investments. The fund is actively managed and aims to limit the fluctuations (‘volatility’) the fund experiences to 10% per annum (before smoothing). There is no guarantee the fund will achieve its objective of managing the volatility below this limit. In addition to generating financial returns most of the underlying funds apply at least one of the three ESG investing approaches: 1. Mitigating Environmental, Social and Governance risks and minimising negative outcomes 2. Pursuing Environmental, Social and Governance opportunities 3. Focussing on addressing environmental and social issues.

The fund aims to achieve a total return from income and capital over the long-term (at least 5-10 years). It also aims to deliver positive environmental and societal outcomes in addition to financial returns. There are three categories of outcome; 1. Mitigating Environmental, Social and Governance (ESG) risks and minimising negative outcomes 2. Pursuing Environmental, Social and Governance (ESG) opportunities 3. Investing in positive outcomes for disadvantaged groups or stakeholders. PruFund Planet funds are invested in a range of equities, bonds, property, alternative investments and cash. This gives you the advantage of a well-balanced mix of investments with some smoothing of investment returns. The fund aims to limit the fluctuations (volatility) your investment experiences, after allowing for smoothing, to 12% per annum. There is no guarantee the fund will achieve its objective of managing the volatility to the target level.

The fund aims to produce growth over the medium to long-term (5 to 10 years or more) while smoothing some of the ups and downs of short-term investment performance. The fund spreads investment risk by investing in a range of different asset types, which currently includes UK and international equities, property, fixed interest securities, index-linked securities and other specialist investments. The fund is actively managed and aims to limit the fluctuations (‘volatility’) the fund experiences to 12% per annum (before smoothing). There is no guarantee the fund will achieve its objective of managing the volatility below this limit. In addition to generating financial returns most of the underlying funds apply at least one of the three ESG investing approaches: 1. Mitigating Environmental, Social and Governance risks and minimising negative outcomes 2. Pursuing Environmental, Social and Governance opportunities 3. Focussing on addressing environmental and social issues.

The fund aims to achieve a total return from income and capital over the long-term (at least 5-10 years). It also aims to deliver positive environmental and societal outcomes in addition to financial returns. There are three categories of outcome; 1. Mitigating Environmental, Social and Governance (ESG) risks and minimising negative outcomes 2. Pursuing Environmental, Social and Governance (ESG) opportunities 3. Investing in positive outcomes for disadvantaged groups or stakeholders. PruFund Planet funds are invested in a range of equities, bonds, property, alternative investments and cash. This gives you the advantage of a well-balanced mix of investments with some smoothing of investment returns. The fund aims to limit the fluctuations (volatility) your investment experiences, after allowing for smoothing, to 14.5% per annum (before smoothing). There is no guarantee the fund will achieve its objective of managing the volatility to the target level.

The fund aims to produce growth over the medium to long-term (5 to 10 years or more) while smoothing some of the ups and downs of short-term investment performance. The fund spreads investment risk by investing in a range of different asset types, which currently includes UK and international equities, property, fixed interest securities, index-linked securities and other specialist investments. The fund is actively managed and aims to limit the fluctuations (‘volatility’) the fund experiences to 14.5% per annum (before smoothing). There is no guarantee the fund will achieve its objective of managing the volatility below this limit. In addition to generating financial returns most of the underlying funds apply at least one of the three ESG investing approaches: 1. Mitigating Environmental, Social and Governance risks and minimising negative outcomes 2. Pursuing Environmental, Social and Governance opportunities 3. Focussing on addressing environmental and social issues.

The fund aims to achieve a total return from income and capital over the long-term (at least 5-10 years). It also aims to deliver positive environmental and societal outcomes in addition to financial returns. There are three categories of outcome; 1. Mitigating Environmental, Social and Governance (ESG) risks and minimising negative outcomes 2. Pursuing Environmental, Social and Governance (ESG) opportunities 3. Investing in positive outcomes for disadvantaged groups or stakeholders. PruFund Planet funds are invested in a range of equities, bonds, property, alternative investments and cash. This gives you the advantage of a well-balanced mix of investments with some smoothing of investment returns. The fund aims to limit the fluctuations (volatility) your investment experiences, after allowing for smoothing, to 17% per annum (before smoothing). There is no guarantee the fund will achieve its objective of managing the volatility to the target level.

The fund aims to produce growth over the medium to long-term (5 to 10 years or more) while smoothing some of the ups and downs of short-term investment performance. The fund spreads investment risk by investing in a range of different asset types, which currently includes UK and international equities, property, fixed interest securities, index-linked securities and other specialist investments. The fund is actively managed and aims to limit the fluctuations (‘volatility’) the fund experiences to 17% per annum (before smoothing). There is no guarantee the fund will achieve its objective of managing the volatility below this limit. In addition to generating financial returns most of the underlying funds apply at least one of the three ESG investing approaches: 1. Mitigating Environmental, Social and Governance risks and minimising negative outcomes 2. Pursuing Environmental, Social and Governance opportunities 3. Focussing on addressing environmental and social issues.

IA Property Sector

Composite:

45% MSCI UK Property Index

45% FTSE EPRA NAREIT Developed Index

10% Bank of England Base Interest Rate

Objective: The investment strategy of the fund is to purchase units in the L&G UK Property Fund.

Underlying Fund Objective: The fund aims to carry on Property Investment Business and to manage cash raised from investors for investment in the Property Investment Business. In doing so, the objective of the fund is to achieve income and capital growth through investing generally in commercial property.

Objective: The investment strategy of the fund is to purchase units in the L&G Property Fund.

Underlying Fund Objective: The fund aims to carry on Property Investment Business and to manage cash raised from investors for investment in the Property Investment Business. In doing so, the objective of the fund is to achieve income and capital growth through investing generally in commercial property.

The Fund will invest at least 60% of its assets in property and property-related assets. Although the Fund’s investment in property and property-related assets is typically expected to be in the region of 80% - 90% of the Fund’s assets, this may vary as a result of factors such as market conditions.

The Fund may obtain its exposure through a combination of direct and indirect holdings with exposure across industry sectors (including but not limited to retail, offices, industrial, leisure, healthcare and residential) and geographies.

The Fund’s direct holdings, which will typically consist of around 45% of the Fund's assets, will be in property located in the UK. The Fund intends to purchase, hold and, where relevant, develop such properties with the intention of enhancing their capital value and/or income return.

The Fund may obtain indirect exposure to property through listed transferable securities (such as real estate investment trusts) and collective investment schemes.

The Fund may also invest in money-market instruments (such as treasury bills), permitted deposits, bonds (issued by governments and public bodies), money market funds and cash.

The Fund may only use derivatives for the purposes of Efficient Portfolio Management.

ABI UK Direct Property

ABI Property Other