Bulk Section 32

Our Bulk Section 32 company transfer plan helps relieve Trustees of their pension promise to members, alleviate the pressure of managing their investments and pass on the administration burden of the scheme.

The Section 32 is used to accept transfers from:

• contracted-in and out salary related schemes (CISR/COSR)
• contracted-in money purchase schemes (CIMP)
• contracted-out money purchase schemes (COMP)
• (The contracted-out element of the scheme cannot be transferred normally without members' permission - unless certain requirements are met)
• Contracted-out mixed benefits schemes (COMB).

What are some of the Key Product Features?

• 100% Allocation Rate
  Single priced, i.e. Annual Management Charge Only (no bid/offer spread and no member/policy fee)
• Basic Annual Management Charges dependent on investment choice
• Full range of investment funds and no switch fee
• Standard and Bespoke lifestyling options
• No exit penalties (A Market Value Reduction may be applied, this may have the effect of reducing the fund value.)

Your clients can also benefit from:

• Financial strength: AA+ rated by Standard & Poor's (rating as of September 2007) - one of the highest credit ratings in the industry
• Outstanding service and support: Prudential's dedicated service teams provide total support from set-up to ongoing member and trustee support
• Hassle free administration: We let your clients do what they do best: focus on their business, with easy and efficient scheme administration
• Investment choice: Prudential makes accessible a wide selection of funds, managed by some of the UK's best Fund Managers using differing investment styles
• Effective communications: Prudential works with you and your clients to create comprehensive communication and educational programs through a tailored partnership agreement.

For further information about how we can work with you, please email corporatesolutions@prudential.co.uk