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PruFund Investment Plan Mark 3

Thanks for choosing to invest in our PruFund Investment Plan Mark 3. We’re here to help answer some of the questions you might have and any changes you’d like to make to your plan.

We’ve put some questions together which we think might be helpful to you.

If there’s any questions that aren’t covered, or if you’d like to make changes, get in touch with us using the contact details below. 

The PruFund Investment Plan Mark 3 is a single premium investment plan that allows you to:

  • grow your investment over the medium to long term (5 to 10 years or more),
  • choose from a range of PruFund Funds,
  • take tax efficient withdrawals and,
  • take partial or regular withdrawals.

The plan also provides a small amount of life cover.

Because tax rules can change, the impact of taxation (and any tax relief) depends on your circumstances.

The PruFund range is designed to spread the investment risk by investing in many different assets, managed by the investment expertise of the M&G Treasury & Investment Office (T&IO), includes the team formerly known as Prudential Portfolio Management Group (PPMG).

You can choose to invest in up to five of the following PruFund Funds:

  • PruFund Risk Managed 1 Fund
  • PruFund Risk Managed 2 Fund
  • PruFund Risk Managed 3 Fund
  • PruFund Risk Managed 4 Fund
  • PruFund Risk Managed 5 Fund
  • PruFund Growth Fund
  • PruFund Cautious Fund
  • PruFund Protected Cautious Fund

Our dedicated page on the PruFund Range of Funds will give you more information on these, or in the Fund Guide.

The PruFund Protected Growth Fund is currently unavailable to new investments.

More information on the guarantees can be found in The PruFund Range of Funds: Guarantees Options flyer. 

What you get backs depends on a number of different things including the investment performance.

The value of your investment can go down as well as up and the value in the future may be less than the amount you invested. For the range of PruFund funds, what you receive will depend on the value of the underlying investments, the Expected Growth Rates as set by the Prudential Directors, our charges, the smoothing process, if there is a guarantee and when you take your money out.

You can find out more in your Key Features Document. This is available from your adviser or directly from us, our contact details can be found below.

You may be able to top up your plan, but to confirm you'll need to contact us.

If you’re thinking of making changes to your plan, including adding more money, we recommend you get financial advice to help you make decisions. If you don’t have a financial adviser, you can find one at unbiased.co.uk.

Yes, you can take single and regular withdrawals from your plan at any time, as long as each withdrawal is over £50. You can find more information in your Key Features Document.

How our charges and costs affect your plan are shown in your illustration. You can also find more information on the charges and costs in our Investment Option Documents.

We’ll send you an annual statement. You can also get an up-to-date valuation by contacting us using the number below.

If you’re thinking of making changes to your plan, including adding more money, we always recommend you speak to your financial adviser. They can help you understand if making changes is right for you and fits with your aims and circumstances. If you don’t have a financial adviser, you can find one at unbiased.co.uk

Using an adviser means the Financial Ombudsman Service offers you protection against the advice they give you. If you go ahead without advice, you’ll be taking responsibility for your own choices and how your money is invested. Whether you get advice or not, if you feel you haven’t been treated fairly, you can refer any matter to the Financial Ombudsman Service. They help settle individual disputes between consumers and businesses providing financial services.

Contact us

Monday to Friday 8am-6pm

We might record your call for training and quality purposes. 

To find out more about how we use your personal data please visit pru.co.uk/mydata 

 

© Prudential 2023

"Prudential" is a trading name of Prudential Distribution Limited. Prudential Distribution Limited is registered in Scotland. Registered Office at 5 Central Way, Kildean Business Park, Stirling, FK8 1FT. Registered number SC212640. Authorised and regulated by the Financial Conduct Authority. Prudential Distribution Limited is part of the same corporate group as the Prudential Assurance Company Limited. The Prudential Assurance Company Limited and Prudential Distribution Limited are direct/indirect subsidiaries of M&G plc which is a holding company registered in England and Wales with registered number 11444019 and registered office at 10 Fenchurch Avenue, London EC3M 5AG, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority. These companies are not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.