The fund selected
Why we’ve selected this fund
Helpful information on investing and Corporate Bonds
Each of these four asset classes offers different levels of risk and potential rewards. The chart below shows the risk and reward levels for each of these asset classes.
The risk and reward levels are shown in the diagram below.
The risk and potential rewards of different asset classes
The fund selected to match your Pathway is a Bond. As you can see, Bonds have a higher risk and reward than cash but have a lower risk and reward than property and shares.
The fund selected for your Pathway invests in Corporate Bonds. Corporate bonds are debts repaid at a fixed interest rate over a set period of time. This is why they are also sometimes referred to as ‘fixed-interest’ investments.
Companies may issue bonds when they need funds to finance new business opportunities. It’s not so different to borrowing money for a car or a mortgage and repaying it on a predictable schedule.
When we invest in bonds and a company repays debt, the repayment (minus costs and charges) is returned to investors. The benefit of investing in corporate bonds is that they have the potential to provide a steady income and are generally less likely than shares and property to rise and fall rapidly over a short period of time.
M&G Corporate Bond fund
If you select this Pathway 2, your money will be invested in M&G Corporate Bond fund.
All funds have an objective set out by the fund manager. The objective of this fund is:
The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the average return of the Investment Association Sterling Corporate Bond Sector over any five-year period.
What this means
The M&G Corporate Bond fund aims to offer you a higher return than the average return of this asset class (i.e. corporate bonds), over any five year period.
The M&G Corporate Bond Fund invests primarily in UK and International Bonds. The splits of these assets determines the risk level of the fund and therefore the potential for reward.
On a scale of 1-6 this fund has a risk rating of 2 meaning it has a medium to low risk.
This shows the asset mix for M&G Corporate Bond fund as at June 2025.
The asset mix is regularly reviewed and may vary from time to time, but will always be consistent with the fund objective.
Fund charges and further costs
In this table you can see the percentage invested along with the yearly management charge and further costs. This does not include the Product Charge and any Adviser charges.
The full details of all these costs and charges are in your illustration.
| Fund name | M&G Corporate Bond |
|---|---|
| % of Investment in selected fund | 100% |
| Yearly charge | 0.33% |
| Further costs | 0.00% |
| Yearly total | 0.33% |
Changing your investment
If you’re already in PruFund it usually takes 28 days to move your money out of PruFund into the new fund.
We recommend you get advice or guidance
We know there’s a lot to consider when you’re investing money, and it can be tricky to know where to start. To help you understand all your options, we recommend speaking to your adviser or getting guidance.
We always recommend speaking to your adviser when making decisions about the money in your Retirement Account. Your adviser is best placed to look at your individual circumstances and recommend what is right for you. If you don’t have an adviser, you can find one at unbiased site.
Pension Wise is a free and impartial government service from MoneyHelper. They won’t make recommendations or tell you how to invest your money, but will provide information on a range of available pension options. You can arrange an appointment to speak to a pension specialist by calling 0800 280 8880 or visiting their website.
The drawdown and Investment Pathway options you get from your pension provider might not be the best for you. It’s always worth comparing what you can get from other providers too, because you might be able to get a better deal.
MoneyHelper offers free and impartial guidance services, set up by the government, to help you understand and improve your finances. They can provide helpful information on how to shop around for Pathway options offered by other companies. You can also use their drawdown comparison tool to see what different providers offer. You can find out more on their website.
What to do next
If you have decided an Investment Pathway is right for you, there are two ways to go ahead.
You can call our Customer Service Executives on 0345 268 0488, Monday to Friday 8.30 – 5:30pm. They can’t tell you which option to go for, or give you advice but they can give you information to help you make a decision.
Or, you can use our Online Service.
If you go ahead without advice, you’ll be taking responsibility for your choices and your own decision. This means the Financial Ombudsman Service(FOS) doesn’t give you the same protection for the decision you make, but you can still refer any matter to them if you feel you haven’t been treated fairly. The FOS is an independent official body, established by Parliament, for settling disputes between UK-based financial companies and their customers.
Funds available
Find out about the funds selected to match each pathway objective
