Annual Bonus Rates Table February 2017

Listed below are the Regular/Annual Bonuses that will be added to our With-Profits range from 1 April 2017 (unless otherwise stated below). These rates do not include any Final/Terminal or Additional Bonuses that may apply. Please refer to your product literature for more information about how the bonus applies to your product.

Past performance is not an indicator of future performance. The rate of future bonuses in the With-Profits Funds and the rate of growth in the unit price cannot be guaranteed.

This leaflet explains the With-Profits Pension Annuity Bonus Declaration for 2017.

Bonus Declaration 2017

Savings & Investments

Product

Regular Bonus Rate

2017 (%)

2016 (%)

Change (%)

Prudence Bond (Optimum Return) both No Initial Charge and Initial Charge versions (bonuses added from 1st March 2017) 1.50 1.75 (0.25)
Prudence Bond (Optimum Bonus) both No Initial Charge and Initial Charge versions (bonuses added from 1st March 2017) 2.00 2.50 (0.50)
Prudence Prospects Bond (Optimum Return) (bonuses added from 1st March 2017) 1.10 1.35 (0.25)
Prudence Prospects Bond (Optimum Bonus) (bonuses added from 1st March 2017) 1.60 2.10 (0.50)
Prudential International Investment Bond (Sterling Fund) (bonuses added from 1 March 2017) 2.00 2.25 (0.25)
Prudential International Investment Bond (Euro Fund) (bonuses added from 1 March 2017) 1.50 1.75 (0.25)
Prudential International Investment Bond (US$ Fund) (bonuses added from 1 March 2017) 1.50 1.75 (0.25)
Pru Generation (bonuses added from 1st March 2017) 2.60 2.85 (0.25)
Austria Guaranteed International Prudence Bond (Euro Fund) (bonuses added from 1st March 2017) 0.75 1.00 (0.25)
Austria Guaranteed International Prudence Bond (US$ Fund) (bonuses added from 1st March 2017) 0.75
1.00 (0.25)
PSA/PIB (Fund over £6,000) (bonuses added from 1st March 2017) 1.50 1.75 (0.25)
PSA/PIB (Fund under £6,000) (bonuses added from 1st March 2017) 0.50 0.75 (0.25)
Prudential OB Life1 (bonuses added from 1st March 2017) 1.00/2.00 1.20/2.50 (0.2)/(0.5)

 

Pensions

Product

Regular Bonus Rate

2017 (%)

2016 (%)

Change (%)

Personal Pensions (including Trustee Investment Plan - Series A) for business sold between 01/01/2003 and 06/11/20114 1.50 1.75 (0.25)
Prudential Personal Retirement Plan1 0.10/0.25 0.10/0.25 -/-
Flexible Retirement Plan (pre 07/11/11)6 1.25 1.50 (0.25)
Flexible Retirement Plan and Trustee Investment Plan - Series A (post 07/11/11) 1.05 1.30 (0.25)

 

Retirement Income/Annuities

Product

Regular Bonus Rate

2017 (%)

2016 (%)

Change (%)

Prudential With-Profits Annuity (bonuses added from 6th April 2017) 0.25 0.25  -
Former Equitable Life With-Profits Annuity 0.00 0.00 -
Flexible Lifetime Annuity & Flexible Income Drawdown Plan (bonuses added from 6th April 2017) 0.25 0.25 -

ICA Smoothed Returns 

Corporate Pensions

Product

Regular Bonus Rate

2017 (%)

2016 (%)

Change (%)

Additional Voluntary Contributions (AVC) Cash Accumulation7 (bonuses added from 15th March 2017) 1.25 1.50  (0.25)
Defined Contribution (DC) Cash Accumulation7 (bonuses added from 15th March 2017) 1.25 1.50  (0.25)
Defined Benefit (DB) Cash Accumulation7 (bonuses added from 15th March 2017) 0.75 1.00 (0.25)
Unitised Group Pensions2  (bonuses added from 6th April 2017) 1.75 2.00 (0.25)
Exempt With-Profits Fund 11A (Pru Bulk S32 or Pru Company Transfer Plan (bonuses added from 1 April 2017)  1.50 1.75 (0.25)
Exempt With-Profits Fund 11B (Pru Bulk S32 or Pru Company Transfer Plan (bonuses added from 1 April 2017) 1.25 1.50 (0.25)

 

Scottish Amicable Life Assurance Society policies (SAIF)

Product

Regular Bonus Rate

2017 (%)

2016 (%)

Change (%)

Flexipension (1st series)1 0.10/0.25 0.25/0.50 (0.15)/(0.25)
Superannuation (2nd series)1 0.10/0.25 0.25/0.50 (0.15)/(0.25)
Principal1 0.70/1.25 0.80/1.50 (0.10)/(0.25)
Group Pensions 0.25 0.50 (0.25)
Flexidowment (2nd series)1 0.60/1.45 0.70/1.70 (0.10)/(0.25)
Home Purchaser 2 & 3, and Amicable Savings Plan (Net With-Profits Fund 1)3 1.50/1.50 1.75/1.75 (0.25)/(0.25)

 

Product

2017

2017

2016

2016

Change

Scottish Amicable Life Assurance Society policies (SAIF)

Pre 2006 investments (%)

Post 2005 investments (%)

Pre 2006 investments (%)

Post 2005 investments (%)

%

Exempt With-Profits Fund 1 4.00 4.00 4.00 4.00 -/-
Exempt With-Profits Fund 2 4.00 4.00 4.00 4.00 -/-
Exempt With-Profits Fund 3 1.50 1.50 1.75 1.75 (0.25)/(0.25)
Exempt With-Profits Fund 3a 4.00 1.50 4.00 1.75 -/(0.25)
Exempt With-Profits Fund 3b 4.00 1.50 4.00 1.75 -/(0.25)
Exempt With-Profits Fund 4 4.00 1.50 4.00 1.75 -/(0.25)

 

Ex-Scottish Amicable Life (Ex-SAL)

Product

Regular Bonus Rate

2017 (%)

2016 (%)

Change (%)

Life policies (Net With-Profit Fund 2)3 1.25/1.25 1.50/1.50 (0.25)/(0.25)
Pensions With-Profits Funds (series 5&6 (including Trustee Investment Plan (1997)) 1.625 1.875 (0.25)
Pensions With-Profits Funds(series 7&8 (including Trustee Investment Plan - Series A))5 1.50 1.75 (0.25)

 

Notes:

Where two rates are given, the first bonus rate applies to the guaranteed basic benefit and the second bonus rate applies to the existing regular/annual bonuses.

This includes:

  • Group Personal Pension
  • Unitised Group Personal Pension Contracts issued as Corporate Pensions business
  • Unitised Pension Transfer Plan
  • Trustees Transfer Plan
  • Pension Transfer Bond 32
  • Money Purchase Plan
  • Prudential (2003) Money Purchase Pension Plan
  • Prudential (2000) Personal Pension Scheme
  • The Prudential (2000) Personal Pension Scheme policies are entitled to bonuses from the Pensions With-Profits Fund
  • The Trustees Transfer Plan and the Pension Transfer Bond may have units designated to cover GMP in the With-Profits II Fund for which the rate will be 1.25%

Where two rates are given, the first bonus rate applies to the basic units and the second bonus rate applies to the bonus units.

This category applies to all Capsil and OPAL personal pensions. It also applies to Prudential Series A and Premier Plans (including TIP Series A) written on or after 01/01/2003.

This category applies to all Ex-SAL Series A and Premier Plans (including TIP Series A) written before the transfer to Prudential on 01/01/2003.

Only applies to business sold prior to 07/11/11.

Subject to a guarantee of 4.75% or 2.50% for certain earlier business.

Past performance is not an indicator of future performance. The rate of future bonuses in the With-Profits Funds and the rate of growth in the unit price cannot be guaranteed.

Full terms and conditions of all products are available on request.