Costs and charges are what you pay to be a member of this Prudential workplace pension. You'll find more information on what costs and charges may apply to your investments by using the search facility above.
The FCA have rules for publishing and disclosing costs and charges to workplace pension scheme members. The aim is to ensure that scheme members can find the information about costs and charges that they require to establish that:
The cost and charges disclosure rules require us to:
Charges mean all administration charges except: court orders, charges for earmarking or pension sharing, winding up costs and payment of death benefits.
Examples of administration charges are annual management charges, switching fees, allocation rates, premium related fees, set up fees, policy fees, exit charges and deferred member charges (Paid up Pension charges).
Charges for advice are not considered to be administration charges.
Transaction costs are costs incurred by funds when the investments they hold are bought or sold. Examples of these include bid-offer spreads, taxes and broker commissions.
Unfortunately, for relevant schemes, not all transaction cost data may be currently available. To calculate transaction costs for the funds applicable to your scheme, we're dependent on receiving transaction cost information for the underlying funds. For some funds we've yet to receive some of the compliant underlying transaction costs information. Where data is available, we've published this for relevant schemes. We continue to liaise closely with our fund group partners on this and we'll continue to update our Transaction cost information as we receive it.
The Prudential Deposit Fund is part of the Prudential With-Profits Fund. Its assets are invested in the Prudential With-Profits Fund and provides a declared rate of interest (based on the Bank of England base interest rate), and makes no charges on the money invested. The rate of return applies irrespective of the nature of, or investment return on, the underlying investments in the Prudential With-Profits Fund. Information on the interest applied to the Deposit Fund is available in the Fund Fact Sheet.
If you have left the scheme you’ll find your policy number on the contact details page of your Annual Benefit Statement. If it is in the format of 'nnnXXnnn' or 'XnnnXnnn' you can then use the policy search facility otherwise use the scheme search facility. This should provide you with the information you are looking for. Alternatively, please contact us.
Yes, our product level illustrations are online, you can access these by using the search facility.