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&GPrudential 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
At the start of your plan you may have chosen a guarantee, which was available through both the PruFund Protected Growth and PruFund Protected Cautious Funds. There is an additional charge when you choose a guarantee, this will be detailed on your illustration. 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.
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 any changes to, or paying more money into your plan we think it’s really important that you speak to a financial adviser. An adviser can help you understand if making changes to your plan is right for you and fits with your aims and circumstances, which might have changed since you first took your plan out. Using an adviser means they are responsible for the advice they give you and you will have protection from the Financial Ombudsman Service.
Regardless of whether you have taken advice, you can refer any matter to the Financial Ombudsman Service for consideration should you feel that you haven’t been treated fairly, or for any other aspect under the Financial Ombudsman Services remit.