Prudential offers New Year extra allocation
Prudential has launched a 1 per cent extra allocation special offer across a range of onshore bond investment wrappers to help hard-pressed investors and boost their investments in what is promising to be a tough year financially for UK consumers.
The offer immediately increases the initial value of the amount being invested by adding an extra 1 per cent to all new business and top-up cases. It is available on Flexible Investment Plan (FIP) and Prudential Investment Plan (PIP), which include the PruSelect range of over 100 ’best of breed’ funds, and PruFund Investment Plan.
Advisers can write business on these enhanced terms until April 3rd 2009.
Andy Brown, Director of Investment Funds at Prudential said: “This is great news for investors at the start of a new year. We are all looking to make our money go further these days and with our enhanced allocation rates, on over 100 ”best of breed“ funds, it’s reassuring that our customers are able to get 2009 off to a flying start with a boost to the value of their investments from day one.”
Investors who take up the 1 per cent onshore bond investment special offer will see an immediate increase on their original investment
Each product has different minimum levels for a new investment or top-ups to existing plans.
PruFund Investment Plan - Minimum investment is £5,000 and top-up is £1,000
Flexible Investment Plan - Minimum investment is £10,000 and top-up is £5,000
Prudential Investment Plan - Minimum investment is £10,000 and top-up is £10,000
The details of the products investors can choose to put their money include:
Flexible Investment Plan (FIP) - offers a wide choice of funds, including the PruSelect range - with a mix of fund categories and managers. An investor also gets access to the Prudential With-Profits Fund - one of the strongest in the UK, and to the PruFund Funds.
Prudential Investment Plan (PIP) - provides investors with the freedom to shape the product charging structure to their needs while also giving access to a wide range of funds including the PruSelect range, Prudential With-Profits and PruFund.
PruFund Investment Plan - offers access to a well diversified multi-asset fund which is actively managed by Prudential’s Portfolio Management Group and provides investors with the option of a five year rolling guarantee.
PruSelect Range of 100 best of breed funds. The PruSelect range was developed by Old Broad Street Research (OBSR), the independent fund research company whose fund ratings are widely acknowledged across the industry as an independent mark of quality and excellence.
The information contained in Prudential UK’s press releases is intended solely for journalists and should not be used by consumers to make financial decisions.
Notes to Editors
“Prudential” is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. This name is also used by other companies within the Prudential Group, which between them provide a range of financial products including life assurance, pensions, savings and investment products. Registered Office at Laurence Pountney Hill, London EC4R 0HH. Registered number 15454. Authorised and regulated by the Financial Services Authority.
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